WSJ: "Tech Rally Puts Nasdaq on Cusp of Exiting Bear Market"

By in
WSJ: "Tech Rally Puts Nasdaq on Cusp of Exiting Bear Market"

Excerpt from The Wall Street Journal quoting DataTrek’s Nick Colas:

…. “What has become apparent in the recent flurry of mixed earnings reports is that company results “aren’t great, but they’re better than the worst” investors were expecting, said Nicholas Colas, co-founder of DataTrek Research.

One factor that may be reeling in investors’ enthusiasm for technology this year: Many companies in the industry are grappling with slowing sales and user growth following years of reliably blockbuster numbers”….

Read the full article here on the WSJ!