Meet the Low-Cost Vanguard ETF That Just Gained 11% Over 4 Days, Thanks to a Combined 33% Weighting in Nvidia, Microsoft, Micron, and Broadcom. Here's Why It's Still a Top Buy Now.
The tech sector is chock-full of companies with high-quality earnings growth.
Overview
Investors just experienced one of the most volatile weeks in the stock market this year.
On July 29, the Nasdaq Composite closed in a correction -- down 10.1% from its all-time high as investors digested Alphabet's increased capital expenditure (capex) spending on artificial intelligence (AI) and braced for upcoming earnings reports from Microsoft, Meta Platforms, Amazon, and Apple.
Details
Just four trading sessions later, as of the market close on Aug. 4, the Nasdaq Composite recovered a staggering 8.8%, and the S&P 500 closed at an all-time high -- fueled by encouraging earnings reports from Amazon and Microsoft.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.