• Tech stocks’ status as leaders of the market has come into question recently as interest rates rise.
  • The Nasdaq 100 has dropped nearly 7% since it’s February 12 peak.
  • In a recent note, RBC Capital Markets said the index could still head into bear market territory.

Tech stocks‘ status as leaders of the market has undergone a reckoning over the last month.

The tech-heavy Nasdaq 100 dropped as much as about 11% from its February 12 peak as investors rotated out of expensive growth stocks and into more cyclical and value plays, and as 10-year Treasury yields jumped above 1.5% on the prospect of a near-term economic recovery.

But as interest rates took a break in recent days, tech stocks found their footing once more.

Verder lezen?

Word abonnee van Business Insider

    • Toegang tot Nederlandstalige Premiumartikelen en rekentools
    • Een website zonder reclamebanners
    • Loopt na een maand automatisch af
    • Nederlandse en Engelse premiumartikelen
    • Toegang tot onze rekentools
    • Een website zonder reclamebanners
    • Flexibel: elk moment opzegbaar
    Voordelige keuze
    • Nederlandse en Engelse premiumartikelen
    • Toegang tot onze rekentools
    • Een website zonder reclamebanners
    • Flexibel: elk moment opzegbaar