Tech stocks aren't immune to economic pain - and could be the next domino to fall, Morgan Stanley advisor says
The technology sector isn't immune to economic risks - and could be the next domino to fall as part of an overall stock-market decline, according to Morgan Stanely's Chris Toomey. on Friday, Toomey, a managing director at the Wall Street Bank's wealth mangement division, said the banking turmoil sent two-year Treasury yields crashing, triggering an investor rush into tech stocks.
"I don't think the technology industry is immune from the overall economy," Toomey said, adding that the US is heading into a earnings downturn and is vulnerable to an economic slump. Growth is expected to continue slowing after the Federal Reserve boosted interest rates aggressively over the past year in a bid to tame consumer-price pressure.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Hedge Fund Mogul Stanley Druckenmiller Warns of ‘Hard Landing’ for US Economy – Bitcoin NewsDruckenmiller warns that it would be foolish to ignore the possibility of a 'really, really bad' scenario unfolding. Economics Inflation
続きを読む »
Vegas Golden Knights advance, assure Canadian team will not win Stanley CupIt's been 30 years since the last Canadian team won the Stanley Cup. That drought will continue after the Golden Knights knocked out the Oilers.
続きを読む »
Vegas Golden Knights advance, assure Canadian team will not win Stanley CupIt's been 30 years since the last Canadian team won the Stanley Cup. That drought will continue after the Golden Knights knocked out the Oilers.
続きを読む »
Campton Hills trustee-elect Timothy Morgan vows to be seated despite 2002 Michigan DUI convictionCampton Hills trustee-elect Timothy Morgan has reversed course and taken his oath of office with plans of being seated on the village board next week, despite a 2002 felony DUI conviction in Michigan, he said.
続きを読む »
Drag Brunches Go on Despite Backlash at Chacho's Restaurant in Morgan HillSouth Bay restaurant Chacho’s has seen some pushback after its drag brunches started to draw attention.
続きを読む »
Criminal Minds: Evolution Season 2 Update Makes Derek Morgan's Return More LikelyA big Shemar Moore career update just made Derek Morgan's long-awaited reunion with the BAU in Criminal Minds: Evolution season 2 much more likely.
続きを読む »