Hedge funds dump tech stocks at fastest pace since 2016, bank shows

NEW YORK - Global hedge funds in June sold U.S. shares of technology, media and telecommunications companies at the fastest pace since 2016, mainly driven by semiconductor stocks , Goldman Sachs said in note.

The bank, which compiles its clients' positioning for the data, said semiconductor and software were the top two most sold sectors in June, while hedge funds increased their allocation to tech hardware and electronic equipment.Tech stocks led the S&P 500 index's strong performance in the first half of the year, with artificial intelligence chipmaker Nvidia up 150% and generating 30% of the index's 15% return.

Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying...In this article, we will take a look at the Country That Imports the Most Natural Gas in the World. We have also compiled a full free list of the 20 Countries that Import the Most Natural Gas in the World.

The top 10 companies in the S&P 500 account for 35% of the index's market value but only 23% of its earnings, according to Apollo Global Management chief economist Torsten Sløk.When it comes to living expenses, the truth is that most Americans subsist on a very thin margin, even if their earnings are solid. With increased costs due to inflation, this has only gotten worse.... -- BlackRock Inc.

Source: News Formal (newsformal.com)

Goldman Sachs Semiconductor Stocks

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ecuador controls Jamaica for first Copa America win since 2016Seventeen-year-old Kendry Páez scored in first-half stoppage time, Alan Minda added another goal late in the second half and Ecuador beat winless Jamaica 3-1 on Wednesday night in the Copa America.
Source: TSN_Sports - 🏆 80. / 51 Read more »

Talks begin with Colombia rebel group who kept fighting after 2016 peace dealColombia launched peace talks with the Second Marquetalia rebel group on Monday as the administration of leftist President Gustavo Petro tries to pacify rural areas of the country that have seen rising violence despite efforts to broker ceasefires with various armed groups.
Source: CTVNews - 🏆 1. / 99 Read more »

Gender pay gap in Canada's tech sector almost tripled between 2016 and 2021: studyThe gender pay gap in Canada's tech sector almost tripled between 2016 and 2021, amounting to the average salary of a woman in the industry being about $20,000 less than her male counterpart, according to a new report.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Gender pay gap in Canada's tech sector almost tripled between 2016 and 2021: studyTORONTO — A new study shows the gender pay gap in Canada's tech sector almost tripled between 2016 and 2021.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »

Gender pay gap in Canada's tech sector almost tripled between 2016 and 2021: studyA new study shows the gender pay gap in Canada's tech sector almost tripled between 2016 and 2021.
Source: CTVNews - 🏆 1. / 99 Read more »

Gender pay gap in Canada's tech sector almost tripled between 2016 and 2021: studyTORONTO — A new study shows the gender pay gap in Canada's tech sector almost tripled between 2016 and 2021.
Source: PGCitizen - 🏆 65. / 51 Read more »