25/01/2023
The Nasdaq has led gains on Wall Street in 2023, outperforming the Dow and S&P 500
Tech growth names have come back in favor as receding inflation fears drive hopes of smaller rate hikes this year
As such, I recommend buying CrowdStrike and Splunk as the tech trade returns after a long break
The Nasdaq Composite has been the best performer of the three major U.S. indices so far in 2023, powered by signs that inflation may have peaked as well as easing Fed rate hike bets.
After a dismal 2022, the technology-heavy index is up nearly 8.3% through the first 25 days of the new year, compared to a 4.6% gain for the benchmark S&P 500 index, and a 1.7% increase for the Dow Jones Industrial Average.
