Thursday, 7 December 2017

Markets fall but US tech stocks rebound

Markets mostly fell on Wednesday.

The STOXX Europe 600 fell 0.1 percent and the Nikkei 225 plunged 2.0 percent.

However, US investors were mostly undaunted. The S&P 500 was flat while the Nasdaq Composite rebounded 0.2 percent.

Chris Bertelsen, chief investment officer at Aviance Capital Management, said that tech stocks are just pausing to “refresh a bit”.

“However, it isn’t the end of the world,” he said, adding that “valuations aren’t totally out of control, they are on the high side.”

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