PRESS ROOM
Banks lead year to date gains in the NASDAQ
Thursday 18th February '21
The NASDAQ Composite Index is up around 9% year to date (source: Bloomberg, as of 17 February) as bullish sentiment has prevailed in US equity markets in February. Markets are pinning their hopes on vaccine success globally and additional fiscal stimulus from the US government to help induce economic growth this year. Among the key beneficiaries of an improving economic outlook are banks. Within the NASDAQ Composite Index, banks are the top-performing sector year to date.