‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?

116
29
Favorite

‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?

barrons2021-05-20

Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

116

Report

Comment（29）

The_scalper
·2021-05-20
New word…..tapering
Reply
Like
Report
cozyli
·2021-05-20
Like n comment pls. Thanks
Reply
Like
Report
Fold Replies
- Huatmaster_:
  Test
  2021-05-20
  Reply
  Report
LimLS
·2021-05-20
Tapering may come sooner that we expected since Fed start to drop hints. Just be ready for it and prepare for the rise in yield
Reply
3
Report
Fold Replies
- diggydog:
  Agreed.
  2021-05-20
  Reply
  Report
Ultraviolet
·2021-05-20
Like and comment please :)
Reply
3
Report
Fold Replies
- TTH4Legs:
  Done. Reply pls, thx
  2021-05-20
  Reply
  Report
mad276
·2021-05-20
like and comment pls
Reply
4
Report
Fold Replies
- 88_TWB_88:
  comment & like thks
  2021-05-20
  Reply
  Report
- mad276:
  yup
  2021-05-20
  Reply
  Report
MagPie
·2021-05-20
Tech is back in focus again
Reply
Like
Report
szueyann
·2021-05-20
Please like and comment. Thanks
Reply
6
Report
Fold Replies
- bananabekahh:
  pls reply me back ty
  2021-05-21
  Reply
  Report
- Rep:
  reply me back too
  2021-05-20
  Reply
  Report
- Ultraviolet:
  Done
  2021-05-20
  Reply
  Report
Terence晓李
·2021-05-20
Like and comments TQ
Reply
6
Report
Fold Replies
- JLX:
  Response pls
  2021-05-20
  Reply
  Report
- Lucria:
  responded pls respond back
  2021-05-20
  Reply
  Report
- szueyann:
  ok
  2021-05-20
  Reply
  Report
All in Tesla
·2021-05-20
Tech stocks are still the main movers and eventually it will go higher bringing the rest higher. Innovation is the key to the future. ?
Reply
7
Report
Fold Replies
- KKSV:
  Yeah
  2021-05-20
  Reply
  Report
- Targarean:
  Hear hear
  2021-05-20
  Reply
  Report
- MagPie:
  agreed
  2021-05-20
  Reply
  Report
Nn9876543
·2021-05-20
Pls.like n comment
Reply
7
Report
Fold Replies
- JLX:
  Response back pls
  2021-05-20
  Reply
  Report
- koolgal:
  Ok
  2021-05-20
  Reply
  Report
- szueyann:
  ok
  2021-05-20
  Reply
  Report
MoonK
·2021-05-20
Nice
Reply
5
Report
All in Tesla
·2021-05-20
The market has already factor in this news in early feb and tech stocks have corrected from their high. Moving forward, there will be potential upside in the next few months ?
Reply
Like
Report
NCM
·2021-05-20
Long tech
Reply
4
Report
Fold Replies
- Targarean:
  Yes ??
  2021-05-20
  Reply
  Report
ZacC
·2021-05-20
Please like and comment
Reply
5
Report
Fold Replies
- YummyFood:
  ...
  2021-05-20
  Reply
  Report
- NCM:
  Ok
  2021-05-20
  Reply
  Report
Yhlim
·2021-05-20
Please like and comment thanks
Reply
5
Report
Fold Replies
- zhen130:
  Pls reply
  2021-05-20
  Reply
  Report
- NCM:
  Ok
  2021-05-20
  Reply
  Report
- ZacC:
  please reply to comment
  2021-05-20
  Reply
  Report
Boo2bear
·2021-05-20
Says who?
Reply
1
Report
klo
·2021-05-20
.
Reply
3
Report
AAZJ
·2021-05-20
Because Chng Kay want it to go up
Reply
Like
Report
ocean_wave
·2021-05-20
Wow. Tech stock's are strong
Reply
5
Report
Fold Replies
- BLMJ:
  Yeah
  2021-05-20
  Reply
  Report
老Uncle
·2021-05-20
means very likely funds are coming back also since coins are less favourable now. ????
Reply
6
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1112258601?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-05-20 11:29","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1112258601","market":"us","top_or_hot":-1,"title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","media":"barrons","content":"<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Source Link</a>\n\n</div>\n","source":"lsy1601382232898","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".DJI","symbol_name":"道琼斯","start_time":0,"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","article_id":"1112258601","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","pubTimestamp":1621481351,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"translate_title":"“缩减规模”被认为对科技行业不利。纳斯达克为何跑赢道指？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9},"content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":130944881,"gmtCreate":1621508410343,"gmtModify":1704358755230,"author":{"id":"3579590433924918","authorId":"3579590433924918","name":"The_scalper","avatar":"https://static.tigerbbs.com/b3fede485fa71d42dc4ea08960ab3e00","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"New word…..tapering","listText":"New word…..tapering","text":"New word…..tapering","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/130944881","repostId":1112258601,"repostType":4,"repost":{"id":"1112258601","pubTimestamp":1621481351,"share":"https://www.laohu8.com/m/news/1112258601?lang=&edition=full","pubTime":"2021-05-20 11:29","market":"us","language":"en","title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","media":"barrons","summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","content":"<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.</p><p>The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&amp;P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.</p><p>The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.</p><p>But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter &amp; Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.</p><p>For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.</p><p>Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”</p><p>It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112258601","content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":130998202,"gmtCreate":1621501035306,"gmtModify":1704358653203,"author":{"id":"3574167470846346","authorId":"3574167470846346","name":"cozyli","avatar":"https://static.tigerbbs.com/509ef7c09d0624801748249c5a3e0117","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Like n comment pls. Thanks","listText":"Like n comment pls. Thanks","text":"Like n comment pls. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/130998202","repostId":1112258601,"repostType":4,"repost":{"id":"1112258601","pubTimestamp":1621481351,"share":"https://www.laohu8.com/m/news/1112258601?lang=&edition=full","pubTime":"2021-05-20 11:29","market":"us","language":"en","title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","media":"barrons","summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","content":"<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.</p><p>The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&amp;P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.</p><p>The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.</p><p>But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter &amp; Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.</p><p>For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.</p><p>Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”</p><p>It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112258601","content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4389399,"gmtCreate":1621502742698,"gmtModify":1680789892787,"authorId":3575073801477311,"author":{"id":3575073801477311,"authorId":3575073801477311,"name":"Huatmaster_","avatar":"https://static.tigerbbs.com/277988997c95e91fca58abedd237de83","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.28","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":130998202,"type":1,"supId":0,"prevId":0,"content":"Test","text":"Test","html":"Test"}],"langContent":"EN"},{"id":197728059,"gmtCreate":1621487497771,"gmtModify":1704358439439,"author":{"id":"3572923586954779","authorId":"3572923586954779","name":"LimLS","avatar":"https://static.tigerbbs.com/217b03b0c4808fb537070ba4e8f9d83f","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"Tapering may come sooner that we expected since Fed start to drop hints. Just be ready for it and prepare for the rise in yield","listText":"Tapering may come sooner that we expected since Fed start to drop hints. Just be ready for it and prepare for the rise in yield","text":"Tapering may come sooner that we expected since Fed start to drop hints. Just be ready for it and prepare for the rise in yield","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/197728059","repostId":1112258601,"repostType":4,"repost":{"id":"1112258601","pubTimestamp":1621481351,"share":"https://www.laohu8.com/m/news/1112258601?lang=&edition=full","pubTime":"2021-05-20 11:29","market":"us","language":"en","title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","media":"barrons","summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","content":"<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.</p><p>The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&amp;P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.</p><p>The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.</p><p>But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter &amp; Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.</p><p>For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.</p><p>Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”</p><p>It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112258601","content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4388026,"gmtCreate":1621491024441,"gmtModify":1680789873710,"authorId":3575091423649914,"author":{"id":3575091423649914,"authorId":3575091423649914,"name":"diggydog","avatar":"https://community-static.tradeup.com/news/476e481044aa54d1d955e8bc4b856dd4","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.29","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197728059,"type":1,"supId":0,"prevId":0,"content":"Agreed.","text":"Agreed.","html":"Agreed."}],"langContent":"EN"},{"id":197729350,"gmtCreate":1621487215570,"gmtModify":1704358434982,"author":{"id":"3580342534451795","authorId":"3580342534451795","name":"Ultraviolet","avatar":"https://static.tigerbbs.com/0a37729d59392a2fd9ac9c4dbe50e826","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Like and comment please :)","listText":"Like and comment please :)","text":"Like and comment please :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/197729350","repostId":1112258601,"repostType":4,"repost":{"id":"1112258601","pubTimestamp":1621481351,"share":"https://www.laohu8.com/m/news/1112258601?lang=&edition=full","pubTime":"2021-05-20 11:29","market":"us","language":"en","title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","media":"barrons","summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","content":"<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.</p><p>The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&amp;P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.</p><p>The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.</p><p>But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter &amp; Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.</p><p>For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.</p><p>Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”</p><p>It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112258601","content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4388643,"gmtCreate":1621496789235,"gmtModify":1680789883679,"authorId":3576220386239608,"author":{"id":3576220386239608,"authorId":3576220386239608,"name":"TTH4Legs","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.06","exceedPercentage":"60.28%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197729350,"type":1,"supId":0,"prevId":0,"content":"Done. Reply pls, thx","text":"Done. Reply pls, thx","html":"Done. Reply pls, thx"}],"langContent":"EN"},{"id":197762137,"gmtCreate":1621486848229,"gmtModify":1704358427394,"author":{"id":"3575548858399731","authorId":"3575548858399731","name":"mad276","avatar":"https://static.tigerbbs.com/1a9a58ce8db8a0e8a73026ea18b28fcc","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"like and comment pls","listText":"like and comment pls","text":"like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/197762137","repostId":1112258601,"repostType":4,"repost":{"id":"1112258601","pubTimestamp":1621481351,"share":"https://www.laohu8.com/m/news/1112258601?lang=&edition=full","pubTime":"2021-05-20 11:29","market":"us","language":"en","title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","media":"barrons","summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","content":"<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.</p><p>The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&amp;P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.</p><p>The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.</p><p>But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter &amp; Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.</p><p>For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.</p><p>Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”</p><p>It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112258601","content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4387564,"gmtCreate":1621487050607,"gmtModify":1680789868832,"authorId":3582503329600891,"author":{"id":3582503329600891,"authorId":3582503329600891,"name":"88_TWB_88","avatar":"https://static.tigerbbs.com/00cb7ae6d4c8f5f282b6f3a594a2c648","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197762137,"type":1,"supId":0,"prevId":0,"content":"comment &amp; like <u>thks</u>","text":"comment &amp; like <u>thks</u>","html":"comment &amp; like <u>thks</u>"},{"id":4387592,"gmtCreate":1621487214959,"gmtModify":1680789868816,"authorId":3575548858399731,"author":{"id":3575548858399731,"authorId":3575548858399731,"name":"mad276","avatar":"https://static.tigerbbs.com/1a9a58ce8db8a0e8a73026ea18b28fcc","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197762137,"type":1,"supId":4387564,"prevId":0,"content":"yup","text":"yup","html":"yup"}],"langContent":"EN"},{"id":197763863,"gmtCreate":1621486635952,"gmtModify":1704358421609,"author":{"id":"3573728905231423","authorId":"3573728905231423","name":"MagPie","avatar":"https://static.tigerbbs.com/86bf766e96cabebb79ece6877432d5da","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"Tech is back in focus again","listText":"Tech is back in focus again","text":"Tech is back in focus again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197763863","repostId":1112258601,"repostType":4,"repost":{"id":"1112258601","pubTimestamp":1621481351,"share":"https://www.laohu8.com/m/news/1112258601?lang=&edition=full","pubTime":"2021-05-20 11:29","market":"us","language":"en","title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","media":"barrons","summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","content":"<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.</p><p>The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&amp;P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.</p><p>The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.</p><p>But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter &amp; Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.</p><p>For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.</p><p>Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”</p><p>It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112258601","content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":197714464,"gmtCreate":1621485859758,"gmtModify":1704358403036,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Please like and comment. Thanks","listText":"Please like and comment. Thanks","text":"Please like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/197714464","repostId":1112258601,"repostType":4,"repost":{"id":"1112258601","pubTimestamp":1621481351,"share":"https://www.laohu8.com/m/news/1112258601?lang=&edition=full","pubTime":"2021-05-20 11:29","market":"us","language":"en","title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","media":"barrons","summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","content":"<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.</p><p>The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&amp;P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.</p><p>The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.</p><p>But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter &amp; Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.</p><p>For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.</p><p>Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”</p><p>It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112258601","content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4393255,"gmtCreate":1621529537255,"gmtModify":1680789968002,"authorId":3581548081783590,"author":{"id":3581548081783590,"authorId":3581548081783590,"name":"bananabekahh","avatar":"https://static.tigerbbs.com/a7deb58dc42ce337038f7eba996e0c6c","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197714464,"type":1,"supId":0,"prevId":0,"content":"pls reply me back ty","text":"pls reply me back ty","html":"pls reply me back ty"},{"id":4387427,"gmtCreate":1621486050661,"gmtModify":1680789865216,"authorId":3577098730883031,"author":{"id":3577098730883031,"authorId":3577098730883031,"name":"Rep","avatar":"https://static.tigerbbs.com/cf351a16e42cac6e65eda38d814f81ec","vip":1,"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197714464,"type":1,"supId":0,"prevId":0,"content":"reply me back too","text":"reply me back too","html":"reply me back too"},{"id":4387596,"gmtCreate":1621487231325,"gmtModify":1680789863088,"authorId":3580342534451795,"author":{"id":3580342534451795,"authorId":3580342534451795,"name":"Ultraviolet","avatar":"https://static.tigerbbs.com/0a37729d59392a2fd9ac9c4dbe50e826","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197714464,"type":1,"supId":4387427,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"},{"id":197718400,"gmtCreate":1621485635200,"gmtModify":1704358397423,"author":{"id":"3581927915574260","authorId":"3581927915574260","name":"Terence晓李","avatar":"https://static.tigerbbs.com/05e8d9808cf14bb44e2fa7aa64dbe611","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Like and comments TQ","listText":"Like and comments TQ","text":"Like and comments TQ","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/197718400","repostId":1112258601,"repostType":4,"repost":{"id":"1112258601","pubTimestamp":1621481351,"share":"https://www.laohu8.com/m/news/1112258601?lang=&edition=full","pubTime":"2021-05-20 11:29","market":"us","language":"en","title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","media":"barrons","summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","content":"<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.</p><p>The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&amp;P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.</p><p>The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.</p><p>But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter &amp; Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.</p><p>For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.</p><p>Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”</p><p>It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112258601","content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4387328,"gmtCreate":1621485671252,"gmtModify":1680789859700,"authorId":3575719904277494,"author":{"id":3575719904277494,"authorId":3575719904277494,"name":"JLX","avatar":"https://static.tigerbbs.com/8b2b82874072af259f37b9124bc903b7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197718400,"type":1,"supId":0,"prevId":0,"content":"Response pls ","text":"Response pls ","html":"Response pls "},{"id":4387357,"gmtCreate":1621485753680,"gmtModify":1680789859118,"authorId":3582023952208003,"author":{"id":3582023952208003,"authorId":3582023952208003,"name":"Lucria","avatar":"https://static.tigerbbs.com/5d807a1638b2770b0e293aafc3d195cf","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197718400,"type":1,"supId":4387328,"prevId":0,"content":"responded pls respond <u>back</u>","text":"responded pls respond <u>back</u>","html":"responded pls respond <u>back</u>"},{"id":4387386,"gmtCreate":1621485872028,"gmtModify":1680789855534,"authorId":3573721781255613,"author":{"id":3573721781255613,"authorId":3573721781255613,"name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197718400,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":197710333,"gmtCreate":1621485211022,"gmtModify":1704358391801,"author":{"id":"3577580366301047","authorId":"3577580366301047","name":"All in Tesla","avatar":"https://community-static.tradeup.com/news/8db11f6e6a9a2a52850e734188850dc2","vip":1,"crmLevel":7,"crmLevelSwitch":1},"htmlText":"Tech stocks are still the main movers and eventually it will go higher bringing the rest higher. Innovation is the key to&nbsp;the future. ?","listText":"Tech stocks are still the main movers and eventually it will go higher bringing the rest higher. Innovation is the key to&nbsp;the future. ?","text":"Tech stocks are still the main movers and eventually it will go higher bringing the rest higher. Innovation is the key to the future. ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/197710333","repostId":1112258601,"repostType":4,"repost":{"id":"1112258601","pubTimestamp":1621481351,"share":"https://www.laohu8.com/m/news/1112258601?lang=&edition=full","pubTime":"2021-05-20 11:29","market":"us","language":"en","title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","media":"barrons","summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","content":"<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.</p><p>The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&amp;P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.</p><p>The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.</p><p>But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter &amp; Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.</p><p>For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.</p><p>Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”</p><p>It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112258601","content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4391136,"gmtCreate":1621517536660,"gmtModify":1680789930923,"authorId":3577785816786397,"author":{"id":3577785816786397,"authorId":3577785816786397,"name":"KKSV","avatar":"https://static.tigerbbs.com/af79ae4e2c2eee7b0446d54673c5439e","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197710333,"type":1,"supId":0,"prevId":0,"content":"Yeah","text":"Yeah","html":"Yeah"},{"id":4387456,"gmtCreate":1621486188309,"gmtModify":1680789867012,"authorId":3573540190522229,"author":{"id":3573540190522229,"authorId":3573540190522229,"name":"Targarean","avatar":"https://community-static.tradeup.com/news/59de1c73df3e7e460bd84cc786850fa6","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.11","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197710333,"type":1,"supId":0,"prevId":0,"content":"Hear hear","text":"Hear hear","html":"Hear hear"},{"id":4387503,"gmtCreate":1621486538918,"gmtModify":1680789860970,"authorId":3573728905231423,"author":{"id":3573728905231423,"authorId":3573728905231423,"name":"MagPie","avatar":"https://static.tigerbbs.com/86bf766e96cabebb79ece6877432d5da","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197710333,"type":1,"supId":4387456,"prevId":0,"content":"agreed","text":"agreed","html":"agreed"}],"langContent":"EN"},{"id":197737555,"gmtCreate":1621485192777,"gmtModify":1704358390485,"author":{"id":"3579223722445124","authorId":"3579223722445124","name":"Nn9876543","avatar":"https://static.tigerbbs.com/f303d61037d0b19d1482129a96aaf20f","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Pls.like n comment","listText":"Pls.like n comment","text":"Pls.like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/197737555","repostId":1112258601,"repostType":4,"repost":{"id":"1112258601","pubTimestamp":1621481351,"share":"https://www.laohu8.com/m/news/1112258601?lang=&edition=full","pubTime":"2021-05-20 11:29","market":"us","language":"en","title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","media":"barrons","summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","content":"<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.</p><p>The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&amp;P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.</p><p>The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.</p><p>But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter &amp; Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.</p><p>For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.</p><p>Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”</p><p>It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112258601","content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4387330,"gmtCreate":1621485678952,"gmtModify":1680789859617,"authorId":3575719904277494,"author":{"id":3575719904277494,"authorId":3575719904277494,"name":"JLX","avatar":"https://static.tigerbbs.com/8b2b82874072af259f37b9124bc903b7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197737555,"type":1,"supId":0,"prevId":0,"content":"Response back pls","text":"Response back pls","html":"Response back pls"},{"id":4387379,"gmtCreate":1621485848173,"gmtModify":1680789857389,"authorId":3559581955535845,"author":{"id":3559581955535845,"authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"currentWearingBadge":{"badgeId":"c4ee29b388ff41cc8462b3b7ea00d1e2-1","templateUuid":"c4ee29b388ff41cc8462b3b7ea00d1e2","name":"Monthly Top Contributor","description":"Top 3 Contributors with the most and best Editor's Picks every month","bigImgUrl":"https://static.tigerbbs.com/b0cad6192443c33dca826a001250fbd4","smallImgUrl":"https://static.tigerbbs.com/5ccd98c646815ce7610b0df338e060cc","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.02","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2003},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.07.06","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":197737555,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"},{"id":4387388,"gmtCreate":1621485878695,"gmtModify":1680789857221,"authorId":3573721781255613,"author":{"id":3573721781255613,"authorId":3573721781255613,"name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197737555,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":197737261,"gmtCreate":1621485188853,"gmtModify":1704358390311,"author":{"id":"3575155472699792","authorId":"3575155472699792","name":"MoonK","avatar":"https://static.tigerbbs.com/4344f119333f444051d262d4e3b0e271","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197737261","repostId":1112258601,"repostType":4,"repost":{"id":"1112258601","pubTimestamp":1621481351,"share":"https://www.laohu8.com/m/news/1112258601?lang=&edition=full","pubTime":"2021-05-20 11:29","market":"us","language":"en","title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","media":"barrons","summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","content":"<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.</p><p>The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&amp;P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.</p><p>The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.</p><p>But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter &amp; Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.</p><p>For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.</p><p>Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”</p><p>It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112258601","content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":197735374,"gmtCreate":1621485059598,"gmtModify":1704358387171,"author":{"id":"3577580366301047","authorId":"3577580366301047","name":"All in Tesla","avatar":"https://community-static.tradeup.com/news/8db11f6e6a9a2a52850e734188850dc2","vip":1,"crmLevel":7,"crmLevelSwitch":1},"htmlText":"The market has already factor in this news in early feb&nbsp;and tech stocks have corrected from their high. Moving forward, there will be potential upside in the next few months ?","listText":"The market has already factor in this news in early feb&nbsp;and tech stocks have corrected from their high. Moving forward, there will be potential upside in the next few months ?","text":"The market has already factor in this news in early feb and tech stocks have corrected from their high. Moving forward, there will be potential upside in the next few months ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197735374","repostId":1112258601,"repostType":4,"repost":{"id":"1112258601","pubTimestamp":1621481351,"share":"https://www.laohu8.com/m/news/1112258601?lang=&edition=full","pubTime":"2021-05-20 11:29","market":"us","language":"en","title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","media":"barrons","summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","content":"<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.</p><p>The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&amp;P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.</p><p>The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.</p><p>But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter &amp; Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.</p><p>For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.</p><p>Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”</p><p>It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112258601","content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":197736857,"gmtCreate":1621484962679,"gmtModify":1704358384563,"author":{"id":"3567832114052050","authorId":"3567832114052050","name":"NCM","avatar":"https://static.tigerbbs.com/bd72c39fd9a998a91f641828e572613e","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Long tech","listText":"Long tech","text":"Long tech","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/197736857","repostId":1112258601,"repostType":4,"repost":{"id":"1112258601","pubTimestamp":1621481351,"share":"https://www.laohu8.com/m/news/1112258601?lang=&edition=full","pubTime":"2021-05-20 11:29","market":"us","language":"en","title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","media":"barrons","summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","content":"<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.</p><p>The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&amp;P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.</p><p>The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.</p><p>But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter &amp; Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.</p><p>For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.</p><p>Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”</p><p>It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112258601","content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4387460,"gmtCreate":1621486206710,"gmtModify":1680789868289,"authorId":3573540190522229,"author":{"id":3573540190522229,"authorId":3573540190522229,"name":"Targarean","avatar":"https://community-static.tradeup.com/news/59de1c73df3e7e460bd84cc786850fa6","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.11","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197736857,"type":1,"supId":0,"prevId":0,"content":"Yes ??","text":"Yes ??","html":"Yes ??"}],"langContent":"EN"},{"id":197736918,"gmtCreate":1621484932534,"gmtModify":1704358385872,"author":{"id":"3577076053545624","authorId":"3577076053545624","name":"ZacC","avatar":"https://static.tigerbbs.com/fb3e0949f7f131c349ddc224589c2f90","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Please like and comment&nbsp;","listText":"Please like and comment&nbsp;","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/197736918","repostId":1112258601,"repostType":4,"repost":{"id":"1112258601","pubTimestamp":1621481351,"share":"https://www.laohu8.com/m/news/1112258601?lang=&edition=full","pubTime":"2021-05-20 11:29","market":"us","language":"en","title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","media":"barrons","summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","content":"<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.</p><p>The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&amp;P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.</p><p>The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.</p><p>But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter &amp; Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.</p><p>For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.</p><p>Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”</p><p>It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112258601","content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4387221,"gmtCreate":1621485037596,"gmtModify":1680789860344,"authorId":3584069717655132,"author":{"id":3584069717655132,"authorId":3584069717655132,"name":"YummyFood","avatar":"https://static.tigerbbs.com/71ef61cbbef1517374c49262685c1c5d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197736918,"type":1,"supId":4387215,"prevId":0,"content":"...","text":"...","html":"..."},{"id":4387215,"gmtCreate":1621485016090,"gmtModify":1680789858725,"authorId":3567832114052050,"author":{"id":3567832114052050,"authorId":3567832114052050,"name":"NCM","avatar":"https://static.tigerbbs.com/bd72c39fd9a998a91f641828e572613e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197736918,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":197731241,"gmtCreate":1621484782383,"gmtModify":1704358381967,"author":{"id":"3570434144752062","authorId":"3570434144752062","name":"Yhlim","avatar":"https://static.tigerbbs.com/9b57fd81ec2f943dd0c5ef901fdd1b67","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Please like and comment thanks&nbsp;","listText":"Please like and comment thanks&nbsp;","text":"Please like and comment thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/197731241","repostId":1112258601,"repostType":4,"repost":{"id":"1112258601","pubTimestamp":1621481351,"share":"https://www.laohu8.com/m/news/1112258601?lang=&edition=full","pubTime":"2021-05-20 11:29","market":"us","language":"en","title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","media":"barrons","summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","content":"<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.</p><p>The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&amp;P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.</p><p>The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.</p><p>But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter &amp; Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.</p><p>For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.</p><p>Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”</p><p>It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112258601","content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4387244,"gmtCreate":1621485143146,"gmtModify":1680789857533,"authorId":3570360623104656,"author":{"id":3570360623104656,"authorId":3570360623104656,"name":"zhen130","avatar":"https://static.tigerbbs.com/553509e2e649eaf0d39f267a7e6de1a1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197731241,"type":1,"supId":4387205,"prevId":0,"content":"Pls <u>reply</u>","text":"Pls <u>reply</u>","html":"Pls <u>reply</u>"},{"id":4387200,"gmtCreate":1621484946084,"gmtModify":1680789856898,"authorId":3567832114052050,"author":{"id":3567832114052050,"authorId":3567832114052050,"name":"NCM","avatar":"https://static.tigerbbs.com/bd72c39fd9a998a91f641828e572613e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197731241,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":4387205,"gmtCreate":1621484966460,"gmtModify":1680789856741,"authorId":3577076053545624,"author":{"id":3577076053545624,"authorId":3577076053545624,"name":"ZacC","avatar":"https://static.tigerbbs.com/fb3e0949f7f131c349ddc224589c2f90","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197731241,"type":1,"supId":0,"prevId":0,"content":"please reply to comment","text":"please reply to comment","html":"please reply to comment"}],"langContent":"EN"},{"id":197739241,"gmtCreate":1621484663983,"gmtModify":1704358379511,"author":{"id":"3578969648963961","authorId":"3578969648963961","name":"Boo2bear","avatar":"https://static.tigerbbs.com/209ae746c8124fe2d5f79aee784d2fcc","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Says who?&nbsp;","listText":"Says who?&nbsp;","text":"Says who?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197739241","repostId":1112258601,"repostType":4,"repost":{"id":"1112258601","pubTimestamp":1621481351,"share":"https://www.laohu8.com/m/news/1112258601?lang=&edition=full","pubTime":"2021-05-20 11:29","market":"us","language":"en","title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","media":"barrons","summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","content":"<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.</p><p>The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&amp;P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.</p><p>The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.</p><p>But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter &amp; Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.</p><p>For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.</p><p>Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”</p><p>It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112258601","content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":197730234,"gmtCreate":1621484593928,"gmtModify":1704358378205,"author":{"id":"3583974243419968","authorId":"3583974243419968","name":"klo","avatar":"https://static.tigerbbs.com/e2d3dcf83877ea1c1bf83a2ba2b540df","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197730234","repostId":1112258601,"repostType":4,"repost":{"id":"1112258601","pubTimestamp":1621481351,"share":"https://www.laohu8.com/m/news/1112258601?lang=&edition=full","pubTime":"2021-05-20 11:29","market":"us","language":"en","title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","media":"barrons","summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","content":"<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.</p><p>The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&amp;P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.</p><p>The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.</p><p>But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter &amp; Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.</p><p>For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.</p><p>Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”</p><p>It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112258601","content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":197794783,"gmtCreate":1621484462242,"gmtModify":1704358375906,"author":{"id":"3577708378427970","authorId":"3577708378427970","name":"AAZJ","avatar":"https://static.tigerbbs.com/c21ac0d008fcc2c57672a3faa82d43b4","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Because Chng Kay want it to go up","listText":"Because Chng Kay want it to go up","text":"Because Chng Kay want it to go up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197794783","repostId":1112258601,"repostType":4,"repost":{"id":"1112258601","pubTimestamp":1621481351,"share":"https://www.laohu8.com/m/news/1112258601?lang=&edition=full","pubTime":"2021-05-20 11:29","market":"us","language":"en","title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","media":"barrons","summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","content":"<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.</p><p>The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&amp;P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.</p><p>The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.</p><p>But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter &amp; Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.</p><p>For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.</p><p>Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”</p><p>It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112258601","content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":197795834,"gmtCreate":1621484349428,"gmtModify":1704358374919,"author":{"id":"3578971018458145","authorId":"3578971018458145","name":"ocean_wave","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Wow. Tech stock's are strong","listText":"Wow. Tech stock's are strong","text":"Wow. Tech stock's are strong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/197795834","repostId":1112258601,"repostType":4,"repost":{"id":"1112258601","pubTimestamp":1621481351,"share":"https://www.laohu8.com/m/news/1112258601?lang=&edition=full","pubTime":"2021-05-20 11:29","market":"us","language":"en","title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","media":"barrons","summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","content":"<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.</p><p>The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&amp;P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.</p><p>The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.</p><p>But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter &amp; Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.</p><p>For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.</p><p>Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”</p><p>It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112258601","content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4387126,"gmtCreate":1621484434914,"gmtModify":1680789852077,"authorId":3554847571879592,"author":{"id":3554847571879592,"authorId":3554847571879592,"name":"BLMJ","avatar":"https://static.tigerbbs.com/9944d8556a10ec8933033bf4a3d557b5","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197795834,"type":1,"supId":0,"prevId":0,"content":"Yeah","text":"Yeah","html":"Yeah"}],"langContent":"EN"},{"id":197792816,"gmtCreate":1621484278635,"gmtModify":1704358371971,"author":{"id":"3581063216443091","authorId":"3581063216443091","name":"老Uncle","avatar":"https://static.tigerbbs.com/ef0828d104dbb47c9e2122177cf0d3b5","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":1},"htmlText":"means very likely funds are coming back also since coins are less favourable now. ????","listText":"means very likely funds are coming back also since coins are less favourable now. ????","text":"means very likely funds are coming back also since coins are less favourable now. ????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197792816","repostId":1112258601,"repostType":4,"repost":{"id":"1112258601","pubTimestamp":1621481351,"share":"https://www.laohu8.com/m/news/1112258601?lang=&edition=full","pubTime":"2021-05-20 11:29","market":"us","language":"en","title":"‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112258601","media":"barrons","summary":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from it","content":"<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.</p><p>The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&amp;P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.</p><p>The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.</p><p>But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter &amp; Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.</p><p>For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.</p><p>Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”</p><p>It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Tapering’ Is Supposed to Be Bad for Tech. Why Did the Nasdaq Outperform the Dow?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The...</p>\n\n<a href=\"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-nasdaq-beat-the-dow-despite-tapering-talk-heres-why-51621455819?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112258601","content_text":"Stocks dropped Wednesday as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. That should have put an outsize dent into tech stocks, but that wasn’t the case.The Dow Jones Industrial Average fell 164 points, or 0.5%, while the S&P 500 declined 0.3%. The tech-heavy Nasdaq Composite dipped just 3.9 points, or 0.03%.The Nasdaq’s outperformance was strange. The Federal Reserve released the minutes from its latest meeting at 2 p.m. Wednesday, and they contained a shocker—hints of ‘tapering,’ or reducing the size of, its asset purchases. The language wasn’t specific, simply saying “at some point in upcoming meetings,” and it was highly contingent on the U.S. economy continuing to strengthen. Still, less money going into the bond market would reduce bond prices and lift their yields, and that should put an outsize dent into the valuations of growth and technology companies, and boost the cyclical companies in the Dow.But that’s not what happened. Just five Dow stocks finished higher Thursday— Salesforce.com (CRM), Intel (INTC), Microsoft (MSFT), Procter & Gamble (PG), and Walmart (WMT)—while the Nasdaq’s bounce was led by Analog Devices (ADI) and Maxim Integrated Products (MXIM), which gained more than 4%.For tech stocks, it might simply have been a case of “sell the rumor, buy the news.” Fears of inflation—and the tapering that would follow—have caused the Nasdaq to drop nearly 6% from its April all-time high, while the Dow had fallen just 2% from its own record.Now that the minutes appear to have confirmed the possibility that the Fed might consider tapering—despite its protestations—investors might have moved on to other things, at least for one day. “It has been talked about, for a while, that once [the] taper announcement hits, the interest rate cloud over Tech would start to clear,” writes Dennis DeBusschere, head of portfolio strategy research at Evercore. “That could help explain the shot higher in Tech or Growth following the taper hint in the Fed minutes.”It will take more than just a hint of tapering to keep tech moving higher, however. For that to happen, the 10-year Treasury yield, which jumped as high as 1.68% on Wednesday, can’t go much higher. If the yield were to move towards 2%, which wouldn’t be a shocker with the market pricing in 2%-plus inflation over the next five years, tech stocks would likely fall again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":116,"commentSize":29,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}