NOTEBOOK – One Good Read: Tech drove stocks skyward. Different story on the way down.
SUZANNE BEHNKE Nov 1, 2018 | 3:49 pm
1 min read time
131 wordsAll Latest News, Insurance, The Insider NotebookNeed a refresher on what happened with the markets last month? This New York Times article will also give some analysis to explain the why behind the stock market’s volatility. “The world’s largest technology companies drove the stock market to record highs earlier this year. As stocks have tumbled, though, it’s more like they’re just along for the ride. Unlike the rally, the rout that started in late September and dominated trading in October was a broad-based affair. That suggests that investors are less concerned that the tech giants’ shares rose too far too fast, and are instead worried about the fundamentals of the United States economy and the continuing profitability of companies of all kinds.” And remember, it’s Nov. 1, a new month, so we shall see what happens now.