MarketWatch: “Why stocks could get a boost from a falling U.S. dollar”By datatrekresearch in IN THE NEWS
Excerpt from MarketWatch quoting DataTrek co-founder Nick Colas:
.... "The S&P 500 may receive a lift from a softening U.S. dollar, according to market analysts.
“A weaker dollar is a positive sign about global investor risk appetites and is therefore a welcomed shift from last quarter,” said Nicholas Colas, co-founder of DataTrek Research, in a note emailed Monday. “If it persists, it will also help the earnings of companies with significant non-U.S. revenue sources.”
Technology stocks in particular may benefit, while the broad S&P 500 index also has significant revenues outside the U.S., according to the note. “The tech sector leads the way here, with 59 percent international sales,” wrote Colas. He said 41% of the S&P 500’s revenues are non-U.S"....
Full article here on MarketWatch.