Weekly Update #201: Public Tech Stocks Lead the Way in '17
Public Tech Stocks Lead the Way in '17
Information Technology stocks have lead the way for the S&P 500 through 2017, with Apple, Amazon, Facebook, Microsoft and Alphabet leading the charge. CNBC has more here: Big tech accounts for a third of the gains in stocks, but that could be trouble for the market.
Amongst the names outside of the mega tech companies, Forbes also listed its "Fast Tech 25 2017", which includes venture-backed companies like Grubhub and Veeva Systems.
In other news...
- This Tech Cycling Company Is Now Worth $1 Billion (Fortune)
- Tech companies don't want 'the hassle' of an IPO: Misek (Business News Network)
- Where are the rest of the tech IPOs? (TechCrunch)
- ‘Spotify Rule’ Would Help New York Stock Exchange Woo Unicorns (WSJ.com; subscription required)