Monday 12 October 2020

*NEW RESEARCH* Tech stocks continue to lead market recovery

chartFor the second successive quarter, tech shares have led the recovery in stock markets following the huge stock market sell-off during the first quarter due to concerns about the impact of the COVID-19 coronavirus on the global economy. US tech stocks saw the strongest gains with the Nasdaq index up 11% qoq and almost 40% yoy. The FTSE SCS index, a proxy for UK listed software and IT services (SITS) companies, added another 7.5% in Q3 but, with few global players, the yoy gain was just 4% and is still 13% below its pre-crisis peak in January.

Subscribers to the TechMarketView Foundation Service and UKHotViews Premium can read more by downloading the Q3 2020 edition of IndustryViews Quoted Sector.

Posted by HotViews Editor at '14:40'