Home Register FAQ Members List Social Groups Calendar Search Today's Posts Mark Forums Read

Go Back   Smart Dollar > Smart Dollar > Stock Market

Reply
 
Thread Tools Display Modes
  #1  
Old 05-26-2008, 12:53 PM
kst$ kst$ is offline
Senior Member
 
Join Date: Dec 2007
Posts: 429
Thanks: 0
Thanked 0 Times in 0 Posts
Default technology stocks come out on top

Well don't know for how long the techs will stay on top but I can understand why they are there. People still want their fancy tech gadgets. Cell phones Ipods and so on.


Quote:
NEW YORK (May 24) - For the first time since the bubble burst earlier this decade, information technology stocks have overtaken financials as the largest sector by market value in the Standard & Poor's 500 index. But that alignment might not last for long - soaring oil prices have helped lift the energy sector to a close third.
But Howard Silverblatt, S&P's senior index analyst, noted that while IT performed slightly better than the S&P overall, most of the sector didn't "earn" its way to the top.

"It's not that tech did so much better, it's that the financials did so bad," he said. "The financials gave it to them."
Tech Stocks Top Financials in S&P 500

By EILEEN AJ CONNELLY,

We really need to get our Financials back in order and the fact that Oil is a close third I look for them to come out on top next.
Reply With Quote
Sponsored Links

Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 11:56 PM.
Style Developed by Andrew Slane

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd. 2008
Contact Us - The Smart Dollar - Archive - Top