Daily Archives: Sep 8, 2017 at 08:26 pm EST

Tech Stocks Lead US Sectors For 1-Year Momentum

Technology shares have overtaken financial stocks as the top sector performer for the trailing one-year period, based on a set of ETFs. The formerly high-flying financials have been clobbered recently, in part due to worries that falling bond yields and the blowback due to hurricanes striking the US will take a bite out of earnings for banks and insurers. Tech shares, by contrast, have been relatively steady this week, holding on to nearly all of the sector’s 2017 rally.
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