Goldman Sachs is sounding the alarm: Tech stocks are overvalued

Credit: USATODAY.com- Published on June 18, 2019
Tech stocks – and software ones in particular – have had a big year, with Microsoft's stock price jumping 30% in 2019.
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Credit: Wochit Business
Published on June 17, 2019 -  00:35
Tech Stocks Give Boost To Nasdaq
According to Reuters, the Nasdaq Composite got a big boost from tech stocks to open the week. On June 17th, the Nasdaq Composite rose about 1-percent, adding about 62-points during morning trading, bringing the benchmark index to 7,858. Those gains were contributed by Facebook, Apple, Amazon, Microsoft and, Google's parent company Alphabet, which rose between half a percent and 3-percent on the day. The Nasdaq also got a boost from Tesla, which rose over 5-percent during morning trading.

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