What a difference one month makes in Wall Street’s most important sector of the sharemarket.
In mid-April, global equity funds were delivered a brutal reality check after US President Donald Trump’s “liberation day” tariff spree on April 2 prompted investors to question if the era of dominance for the US technology giants had finally come to an end.
Fast-forward to today and the magnificent seven, including Nvidia, Apple and Microsoft, have bounced 28 per cent from their April lows, beating the S&P 500 Index’s 19 per cent return.
Source: https://www.afr.com/markets/equity-markets/safer-than-us-treasuries-big-tech-is-back-but-will-it-last-20250519-p5m0ac