Torn U.S. tech investors debate on selling or buying during the current market instability

Torn U.S. tech investors debate on selling or buying during the current market instability

Investors are struggling to understand how to play heavyweight U.S. technology shares, which trade well above long-term valuations regardless of a sell-off last month that took some attention out of the stocks.

After leading the rally back from the lowest Market in March, the S&P 500 information technology sector has recently underperformed, turning out to be among the weakest within the S&P 500 back in September. The tech sector now remains down about 8%, post peaking on Sept. 2, compared to about a 5% decline in the S&P 500.

Read More: Top Four Reasons Why Digital Transformation Can Fail

Considering the sell-off, the S&P 500 technology sector is trading at around 25 times forward earnings, and at an almost 55% premium to its 10-year average, IBES data indicates, according to Refinitiv analysts.

To Read More: Reuters

Previous articleGoogle renames business software package as Workspace
Next articleMicrosoft refused to accept suggestion by U.S. for its diversity plan, following illegal racial discrimination