FYI: Bouncing technology shares are putting a perfect year back within reach of the U.S. stock market.
While short of a recovery, the advance in the market’s biggest industry has helped the S&P 500 Index rebound from four days of losses at the start of the month. The FANG group of Facebook Inc., Amazon.com Inc., Netflix Inc. and Google parent Alphabet Inc. gained 1.4 percent over five days, retracing two-fifths of the worst weekly loss in five months.
The swift turnaround has prompted market watchers like Rich Ross at Evercore ISI to predict a revival in tech leadership that will drive the S&P 500 to a fresh record by year-end.
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-12-08/fang-flu-lifts-as-jobs-data-propel-week-of-recovery-in-s-p-500
