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Tech warning as Nasdaq passes 7000

Jan 03, 2018 (The Australian Financial Review - ABIX via COMTEX) --

The Nasdaq Composite Index has closed 1.5 per cent higher at a record 7,006.9 points, amid renewed support for technology stocks after the sector underperformed in the final months of 2017. Lachlan MacGregor of Alphinity Investment Management says investor sentiment toward Australian-listed technology stocks may be boosted by the Nasdaq's rise to a new record. However, he cautions that the sector comprises a much smaller proportion of the local bourse in comparison to the Nasdaq and the S&P 500..

Publication Date: 4 January 2018

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By Yolanda Redrup

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