Tuesday 16 February 2021

*NEW RESEARCH* UK tech stocks dip as US market surges

QS Q4 2020The strong performance of UK listed software and IT services shares seen in recent quarters, as represented by the FTSE SCS index, slowed slightly in the final quarter of 2020. The index dropped 3.6% qoq and finished the year 11.8% down. The FTSE IT index was also down 4.1% qoq and finished the year 9.9% lower. The Nasdaq meanwhile saw qoq growth of 15% and ended with a yoy gain of almost 44%, reflecting the more resilient performance of the US market during the year.

Subscribers to the TechMarketView Foundation Service and UKHotViews Premium can read more by downloading the Q4 2020 edition of IndustryViews Quoted Sector.

Posted by Tania Wilson at '08:00' - Tagged: shares   stockmarket