Wall Street Rising on the Back of Technology Stock Advances

December 29, 2017
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The U.S. stock market has been a surprise for wall street investors this year, showing strong growth throughout the whole of 2017. Even when the market took slight tumbles throughout the year, there was never an extended period of downward trends, and both financial and technology stocks have been strong growth and recovery leaders.

As we move towards the end of the year, the wall street market is still on an upward trajectory, with the same financial and technology stocks helping the market to end 2017 on a high.

Wall Street: Which Stocks Performed the Best in 2017?

Tech stocks are definitely the stars of this year, and anybody who have continued to hold stock in companies like Apple and Microsoft will now have a significant increase in their portfolio value. Microsoft was trading at around $60 USD on the Nasdaq at the beginning of this year, and is now up to $85 ahead of the year’s end. Apple, a company which makes almost than three times the revenue of Microsoft, has grown from a stock value of $116 USD at the beginning of the year, to $170 USD at afterhours trading on December 28. Microprocessor manufacturer Intel Corp. has also been a strong performer this year, starting in January with stock value of $36 USD, which is just over $46 USD today.

Wall Street Tech investors will be pleased with the majority of the most popular stocks, and even some companies that struggled at the end of the year are still up when compared to January. Electronic Arts Inc. started the year at just over $80 USD, but will close at around $105. The company went as high as $121 during the year, but has struggled in November and December due to a scandal relating to what some consumers and politicians view as predatory revenue practices. This has led to a decline in stock value towards the end of the year, however, EA still remains strong overall and should recover with upcoming game launches and continued micro-transaction revenue from their largest video game franchises.

Any Wall Street investor looking to diversify stocks in 2017 should consider the technology sector, which has had overall gains since at least 2012.

The Stock Market Overall is Healthy and Optimistic for 2018

Steady economic growth has led to increased confidence and rising stock values. The incoming change in corporate tax rate has also been a boost to U.S. based stocks. 2017 has been a great year for investors, and 2018 could provide more excellent returns and opportunities to diversify with stocks that are still rising.

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