Business
Tech shares race to record highs as Bank of America tips BHP and Rio shares – Motley Fool Australia
Aussie tech shares are surging higher as the US Nasdaq hits new record highs. But don’t count out the miners…
Yesterday (overnight Aussie time) the tech-heavy Nasdaq Composite Index (NASDAQ: IXIC) gained 1.0% to reach yet another new record high.
Year-to-date, the index of predominantly leading tech shares is now up more than 22%. That was almost unimaginable in mid-March, after the Nasdaq had lost more than 30% in the COVID-19 market rout.
But the remarkable rebound is indicative of the resilience of companies like Apple Inc.(NASDAQ: AAPL). Although Apple’s share price dropped 0.3% yesterday, its 53%…
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