Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Tech Down As Investors Hedge On Prospects For Momentum-Driven Sector -- Tech Roundup

10/14/2020 | 05:33pm EST

Shares of technology companies ticked down as investors hedged their bets on the outlook for the sector.

"So if you think of it in terms of annual returns if you had tech heavy portfolio, you've gotten three (or) four years of returns out of the last seven months," said Oliver Pursche, an independent market strategist.

"If things improve -- if there is a vaccine that comes out quickly and a return to normalcy with regards to work force as a result -- that will pressure tech stocks and that's what investors are trying to discern right now."

Shares of "stay-at-home" companies such as Zoom Video Communications and Slack Technologies have been among the biggest gainers on the stock market in recent months because of their offerings to remote workers and learners.

Joshua Calloway Supply-chain software provider E2open plans to go public through an agreement with a blank-check company, making it the latest in a stream of companies to bypass the traditional path to a stock listing using "special purpose acquisition companies."

Electric-vehicle startup Arrival said it has raised $118 million from funds managed by BlackRock Inc., the latest investor bet on new technology upending the auto sector. The investment values the U.K.-based manufacturer at roughly $3.5 billion, The Wall Street Journal reported.

 Write to Rob Curran at rob.curran@dowjones.com 

(END) Dow Jones Newswires

10-14-20 1732ET

Stocks mentioned in the article
ChangeLast1st jan.
BLACKROCK, INC. 1.51% 682.87 Delayed Quote.35.84%
SLACK TECHNOLOGIES, INC. 2.36% 29.93 Delayed Quote.33.14%
ZOOM VIDEO COMMUNICATIONS, INC. -2.12% 430.28 Delayed Quote.532.39%
Latest news "Economy & Forex"
05:09aBitcoin hits $19,000 for first time in three years
RE
05:07aGerman insurers in 'final stages' of credit backstop extension talks
RE
05:05aTenorshare Announces Giveaways for Thanksgiving and Black Friday 2020
SE
05:00aTravel, commodity stocks boost London shares on vaccine hopes
RE
04:55aIrish consumer sentiment hits highest level since March as COVID-19 cases fall
RE
04:53aStocks and oil ride high on Biden transition and vaccine hopes
RE
04:49aUK will remain global leader for asset management after Brexit - Sunak
RE
04:49aOPEC ORGANIZATION OF PETROLEUM EXPORTING COU : daily basket price stood at $44.75 a barrel Monday, 23 November 2020
PU
04:47aSTATISTICAL OFFICE OF REPUBLIC OF SLOVENIA : Economic sentiment worsened in November 2020
PU
04:45aDEUTSCHE BUNDESBANK : Auction announcement - Reopening of five-year Federal notes (Bundesobligationen – “Bobls”) series 182 by auction
PU
Latest news "Economy & Forex"