Tue. Sep 29th, 2020

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy.

US tech stocks surpasses the entire European stock market

1 min read

The market capitalization of US tech stocks has crossed $9 trillion and now the sector is worth more than the entire European stock market.

According to a research note by Bank of America, the European market was four times larger than US tech in 2007.

The momentum is now with US tech as the market cap is now more than all of Europe, which has much lesser big ticket tech stocks.

Bank of America Global Research said in a note that this is the first time the market cap of the U.S. tech sector at $9.1 trillion exceeds that of Europe, which including the U.K. and Switzerland is now at $8.9 trillion.

The US markets and indices have been lately dominated by FAANG and other tech stocks which have witnessed the maximum upward swing.

The five top tech stocks, Apple, Microsoft, Alphabet, Amazon and Facebook, accounted for 17.5 per cent of the S&P 500 in January, and the rotation of funds wealth into tech during the coronavirus pandemic has pushed that number well above 20 per cent. Consumer tech company Apple is worth more than $2 trillion out of the $ 9 trillion.

Tech stocks overtaking Europe is also reflected in the overall performance of US and European markets in the last decade. Since the beginning of 2010, the S&P 500 has gained nearly 200 per cent, while the Euro Stoxx 50 has risen 13.4 per cent and UK’s FTSE 100 has gained just under 11 per cent.

Leave a Reply

Forex trading and any instruments related to Foreign Exchange Market are Speculative and carry substantial risk of loss of either partial equity or the entire deposit amount. Leverage adds up to the risk, before considering to invest in this venture, you should first consider your financial position and may seek the help of an independent financial advisor. FXtriangle dis-recommends the usage of loan instruments to trade in this market as it can hamper financial position. Please do not invest the money that you cannot afford to lose. FXtriangle provides all its services throughout the Globe Excluding (Nigeria, British Virgin Island & the Islamic Republic of Iran) and also provides limited service in some jurisdictions where investment in Overseas markets / Fx Exchanges are prohibited by Law If you are not sure to contact us before using any of our services. FXtriangle acts as an Independent Corporate Financial Advisor and connects you to various overseas exchanges and cannot be held liable for any financial damage occurring through their side. All of our partnered institutions are regulated in various jurisdictions.FXtriangle conducts an independent background check before partnering with any institutions to fulfill your investment objectives smoothly. The usage of our Business name, Logo or any trademark in any financial forum, website, review website, complaint arena, Billboards without our written permission will attract lawsuits.