Market
Tech stocks just had their best January in decades — here’s why that may not be a good sign
![Tech stocks just had their best January in decades — here's why that may not be a good sign](https://nlbulletin.com/wp-content/uploads/2023/02/Tech-stocks-just-had-their-best-January-in-decades-—-780x470.jpeg)
[ad_1]
Technology stocks had their best start to a year in more than two decades, but that could actually be an ominous signal.
The Nasdaq Composite Index COMP rose 10.7% in the first month of 2023, its best January performance since a 12.2% gain in 2001, according to Dow Jones Market Data. But that 2001 rally went on to cool in a big way: The Nasdaq plunged 29.7% through the rest of the year.
In…
[ad_2]
Source link