Tech Stocks Defy Expectations to Hit Record Highs

Amazon, Microsoft and Google powered higher last week, following positive results. Can the rally continue - and what of the lesser known players in the sector?

David Brenchley 31 October, 2017 | 3:59PM
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Amazon and Google led the tech-heavy NASDAQ Composite index to an all-time closing high last week

The tech rally continues to roll on. Last week’s stellar numbers from three big tech stocks – Amazon (AMZN), Microsoft (MSFT) and Alphabet (GOOGL) –  pushed the NASDAQ index even higher.

Technology firms have driven 2017’s equity bull market, particularly in the US, despite a mid-year pause as investors took stock of perceived high valuations.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Alibaba Group Holding Ltd ADR177.00 USD0.00Rating
Alphabet Inc A2,864.74 USD0.00Rating
Amazon.com Inc3,444.15 USD0.00Rating
Apple Inc148.76 USD0.00Rating
Arista Networks Inc389.64 USD0.00Rating
AXA Framlington Global Technology Z Acc724.80 GBP0.12Rating
Facebook Inc A339.99 USD0.00Rating
Hewlett Packard Enterprise Co15.37 USD0.00Rating
Microsoft Corp308.23 USD0.00Rating
Proofpoint Inc  
Salesforce.com Inc292.34 USD0.00Rating
Samsung Electronics Co Ltd70,600.00 KRW0.00Rating
Tencent Holdings Ltd499.00 HKD0.00Rating

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk