Is the Drop in Tech Stocks the Beginning of a Correction?
There's something very interesting going on in the stock market right now. While shares of banks and other large-cap stocks are climbing on hopes that Congress will cut the corporate income tax rate from 35% to 20%, which is in the bill passed by the Senate last Friday, shares of technology companies are dropping.
Over the past week, shares of Facebook, Amazon.com and Alphabet have dropped more than 4%. The S&P 500 is up 1.7% over the same time, with bank stocks leading the way. Shares of Bank of America (NYSE: BAC) and JPMorgan Chase (NYSE: JPM) are doing especially well, up more than 9% each since the beginning of last week.
Source: Fool.com
Apple Inc. Stock
€200.50
-0.570%
Our community is currently high on Apple Inc. with 105 Buy predictions and 8 Sell predictions.
As a result the target price of 208 € shows a slightly positive potential of 3.74% compared to the current price of 200.5 € for Apple Inc..
