3 Top Tech Stocks That Investors Are Watching Now
Tech stocks continue to gain attention in the stock market this week thanks to several ongoing factors. In fact, stocks, in general, are now mostly unchanged even after a record start to November. By and large, all of this is likely due to the Federal Reserve’s mostly expected deceleration of its bond-buyback program. This would be in line with the current pace of the economic recovery now. At the same time, continuous hikes in inflation could possibly fuel this narrative moving forward.
Now, how would all this relate to tech stocks might you ask? Well, for the most part, should the Fed unwind its monthly bond-buying plans, we could also see a potential rise in interest rates as well. Even if this means higher overall costs for businesses and consumers moving forward, the tech industry continues to power on.
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