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How containment has propelled tech giants to the top

2020-05-08T18:54:03.930Z


ANALYSIS - The Nasdaq 100 races ahead, driven by "stay at home" values, like Netflix or Amazon.


More than 3 billion people have been, or are still, confined to the world. Naturally, they surf the Internet, shop online, watch movies on streaming platforms and work remotely.

High tech giants are on the front line to meet these needs. As a result, the Nasdaq 100, which brings together the major global players in the sector, has experienced a spectacular recovery: since its low point at the end of March, it has climbed by almost 35%. While most of the major indices still post heavy losses since the start of the year (- 24% for the CAC 40), the Nasdaq 100 is up 4.2%.

Another remarkable fact: “during the stress phase at the end of 2018 linked to trade tensions between the United States and China, the index took 17 days, at the start of 2019, to recover half of its decline, against only 12 days this time, as the global economy experiences its worst post-war economic shock, "

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Source: lefigaro

All news articles on 2020-05-08

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