The reason for this tech market slowdown can essentially be the soaring benchmark 10-year Treasury yields, which went up as high as 1.71% on Jan 4 after standing at 1.51% on Dec 31. Growth sectors like the tech space feel the pain of rising bond yields as the same decreases the relative value of future earnings, making the popular stocks seem overvalued. Tech companies also face hurdles in funding their growth and buying back stocks due to higher rates (per a CNBC article).
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Investors willing to be part of the rebounding tech rally can bet on some top-ranked technology ETFs like Vanguard Information Technology ETF (VGT), The Technology Select Sector SPDR Fund (XLK), iShares U.S. Technology ETF (IYW) and First Trust NASDAQ-100-Technology Sector Index Fund (QTEC).
Related: Fast Food Restaurant Owners Are Trying Crazy Stuff to Attract Workers. Here’s What’s Actually Working.
Technology played a major role in the ongoing health crisis. Telemedicine and Digital Health are receiving significant importance. Data management and storage became integral aspects of healthcare in the present era. Thus, with the technological advancements in the healthcare sector and the rising adoption of healthcare IT solutions as well as advantages of cloud usage healthcare, the cloud computing market is on a growth trajectory.
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