How Tech Has Changed Global Markets

The growing dominance of tech stocks has changed global stock markets, a comparison of 2010 and 2020 shows. But will it last? 

Dan Lefkovitz 23 February, 2021 | 9:27AM
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The story of global equity markets over the past 10-plus years can be encapsulated by two big-name stocks: Nestle and Nvidia.

The former is the well-known Swiss food and beverage manufacturer that employs nearly 300,000 people. Nestle (NESN) has a forward dividend yield of roughly 2.4%, has grown earnings at a rate of about 5%, and is trading at a healthy trailing price/earnings ratio of around 22.

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About Author

Dan Lefkovitz

Dan Lefkovitz  is strategist for Morningstar’s Indexes group