Friday 09 December 2022

*UKHotViewsExtra* Share Performance October-November 2022

After a turbulent September, share prices steadied in October and rallied during November.

End Nov chartThe NASDAQ recovered from the Big Tech wobbles of late October to gain 4.4% month-on-month during November. It remains down 26.7% year-to-date however.

The FTSE Software and Computer Services (SCS) index has also gained during the last two months to add to gains during the Summer, after a rush of takeover approaches for some of its largest players boosted their share prices. It is now down 16.3% year-to-date.

And the commodities-heavy FTSE 100 also enjoyed a good run during October and November and is now up 2.0% relative to its January opening position.


There are various factors playing on the fortunes of these indices now, including expectations of US inflation and what it might mean for Federal Reserve interest rate decisions and the strengthening position of Sterling relative to the US dollar. Meanwhile the fortunes of the US Big Tech players in recent months offer an instructive lesson to all tech companies in the importance of business planning and communication.

UKHotViews Premium readers can read more on the background to the recent gains on the main tech indices and what it may mean for the coming months, as well as thoughts on what we can all learn from Big Tech in Share Performance October-November 2022.

Posted by Tania Wilson at '07:14' - Tagged: markets   macro