Better times ahead for US tech stocks
After the release of IntelCorp’s optimistic financial forecast, US technology stocks increased. Lifted by computer, biotechnology, semiconductor and internet shares, the Nasdaq Composite rose 95.63 points (2.87%) to close at 3429.02. Industry experts have predicted the worst is behind us and are looking forward to better times ahead.
‘US tech stocks help lift traders’ gloomy mood’, The Australian Financial Review Weekend, 4-5/11/00, p 41.