Nasdaq, S&P 500 end lower as investors sell tech, buy less pricey sectors

Nasdaq, S&P 500 end lower as investors sell tech, buy less pricey sectors

The Nasdaq and S&P 500 fell on Wednesday as investors sold tech stocks and moved into less highly valued sectors, as they also awaited remarks from Federal Reserve officials at their Jackson Hole symposium this week. Tech stocks, which drove much of the recovery from Wall Street’s April selloff, have been pulling back. The S&P … Read more

Market rotation signals steady growth ahead; financials and PSUs lead the charge: Rohit Srivastava

Market rotation signals steady growth ahead; financials and PSUs lead the charge: Rohit Srivastava

Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts, says the market is experiencing rotation with different stocks attracting buying interest, ensuring upward movement after consolidation. Financials, particularly NBFCs, are leading the rally due to favorable interest rate cycles and low valuations. PSU stocks, after a correction, are building a base and offer low-value picks, while … Read more