Soaring US tech stock earnings keep markets frothy

Sat, 01 May 2021

It has been a busy week for US company results and the outcome has been extremely positive.These results are important because global markets have been driven by the strong performance of large US stocks, particularly the major technology companies, and any sign of earnings weakness would have a negative impact on global investor sentiment.New Zealand investors, particularly KiwiSaver members, have also been increasing their holdings in US large caps as the NZX struggles to attract new and interesting IPOs.It is not unreasonable to assume that...

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