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

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 ADR251.65 USD0.00
Alphabet Inc A1,784.47 USD0.00
Amazon.com Inc3,120.76 USD0.00
Apple Inc127.83 USD0.00
Arista Networks Inc317.96 USD0.00
Facebook Inc A261.10 USD0.00
Hewlett Packard Enterprise Co12.31 USD0.00
Proofpoint Inc136.84 USD0.00
Salesforce.com Inc216.76 USD0.00
Samsung Electronics Co Ltd87,200.00 KRW0.00
Tencent Holdings Ltd655.00 HKD0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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