PRESS ROOM
Relief rally for tech stocks pauses the downward slide
Friday 12th March '21
The tech-heavy NASDAQ 100 Index surged by around 4% on Tuesday, 09 March. Despite the bounce back, the index is broadly flat year to date (as of 10 March). Among the S&P 500 sectors, energy stocks have extended their lead year to date, given the sharp increase in oil prices in recent weeks. Financials continue to be the second-best performers as a cyclical upswing, and rising rates improve the sector’s outlook.