Top Stories Of Q1 From Wall Street
Zacks Investment Research | Mar 27, 2018 10:07PM ET
After a blockbuster start to 2018, Wall Street has been caught in a vicious circle of trading over the past two months as volatility and uncertainty have taken the center stage. While a combination of factors like solid earnings, upbeat economic data and new tax legislation have fueled the rally, inflation fears, protectionist and anti-trade Trump policies, Washington turmoil and faster-than-expected rates hike continue to weigh on stock returns.
Below we discuss some of the events that dominated the headlines in 1Q and influenced the market:
Technology Boom & Bust
The technology sector has experienced huge swings in the first quarter. It remained in the hot spot for investors given the dual tailwinds of a rising rate scenario and the new tax repatriation policy. A surge in FAANG stocks and emergence of cutting-edge technology have also added to the strength. Given its strong fundamentals, the sector easily survived a couple of massive selloffs – one in early February that took away nearly Zacks Investment Research
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