The hare that is technology, while by no means lame, is not as pacy as it had once seemed. Meanwhile old-economy tortoises have emerged from their shells with a surprising spring in their step
We have chosen January 1st 2020 as the starting date for our analysis. Since then, the500 index of leading American shares has risen by 25%. The best-performing industry sector is energy, followed by Information Technology . Health care has done well, as might be expected during a public-health crisis: the second-best-performing company in theIndustrial companies have kept pace with the index, as have consumer staples.
The first part of the pandemic amplified these trends. The stay-at-home phase lasted until November 8th 2020, the day before the test results of the Pfizer vaccine were announced. The big winners were tech, consumer discretionary and communication services . The losers were real estate, banks and energy. There is little mystery to this. Stuck indoors, people relied on software and deliveries. Offices were barely occupied; there was little driving or air travel .
Technology firms had two blowout years before a reckoning in 2022. But there is plenty of dispersion. Within the big-tech category of the very largest firms there are big gaps in performance: shares of Meta, the owner of Facebook, have lost almost half of their value even as Apple’s shares have soared . The share price of Nvidia, a chip designer, is up by 177%, even as those of Intel, a chip pioneer from an earlier age, slumped.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Texas-bound American Airlines flight lands in Glasgow after declaring emergencyThe plane did a U-turn above the Orkney isles and headed to Glasgow.
Læs mere »
Texas-bound American Airlines flight lands in Glasgow after declaring emergencyA Texas-bound plane has landed in Glasgow after issuing an emergency code
Læs mere »
American Airlines jet diverts to Glasgow Airport after mid-flight emergencyThe 7700 squawk alarm was raised at around 12pm for the American Airlines flight from Frankfurter to Dallas. The aircraft was forced to divert to Glasgow Airport.
Læs mere »
Joe Biden has appointed more female and non-white judges than any of his predecessorsAbout 75% are women and nearly a quarter are African-American
Læs mere »
Irene Cara: Fame singer and actress dies aged 63The American singer and actress won an Oscar for Best Original Song in 1984.
Læs mere »
The forgotten tale of a hostage-taking in Washington in 1977In “American Caliph” Shahan Mufti pulls out all the stops to tell the extraordinary but largely forgotten tale of a man deranged by grief and ambition
Læs mere »