Connect with us


S&P 500 rallies after touching correction territory, erasing day losses




So a price drop that removes some of that excess was long overdue, many market watchers said.

We haven’t had a correction in a long time, said Lindsey Bell, chief money and market strategist at Ally Invest. While this sell off over the past two weeks is uncomfortable, the good news is that the sooner you have a sell off or correction like the one we saw today, the sooner and more likely you are to catch up. lost before. end of the year.

That doesn’t mean it won’t be a turbulent year for stock market investors. Corporate earnings growth is expected to slow, especially among big tech stocks, and many companies championed by investors during the pandemic, such as Peloton and Netflix, have fallen as the return to normal means they are losing money. momentum with new customers.

But some investors worry that even the biggest tech companies are faltering, which will be exacerbated if interest rates rise, forcing them to spend more of their profits on debt repayment, and also making it harder to achieve. investors’ high expectations for growth.

Tech stocks, which have been at the forefront of the market decline this year, were also hit on Monday: the tech-heavy Nasdaq composite slid about 5%, before rebounding to end the day with a gain of about 0.6%. The Nasdaq had already crossed the correction threshold last week and is now down 13.7% from its high.

Microsoft, the next big tech company to report earnings, is expected to report on Tuesday that its bottom line rose 12% in the last three months of last year from a year ago, a substantial slowdown from in the previous quarter, which was the most profitable of all time.

More broadly, tech company profits are expected to have risen nearly 15% in the fourth quarter. That’s down from nearly 28% annual growth, according to market research firm FactSet.

The return to normalization we’ll see this year will include more moderate growth and higher interest rates, said Ryan Jacob, the portfolio manager of the Jacob Internet Fund. It’s a tough environment for large-cap tech.

Jeanna Smialek, Jeff Sommer and stephen gandel contributed report.




The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos


to request, modification Contact us at Here or [email protected]