Tech Sector Thumbs Its Nose at Higher Rates
June 01, 2023 at 15:34 PM EDT
Is the fast-moving market moving too fast? Technology stocks generally hate higher interest rates. Tech companies often need ongoing access to lots of capital to fund their operations—and higher rates mean higher borrowing costs for those businesses, of course. Then there’s the oft-repeated advice that investors shouldn’t “fight the Fed”—meaning the time to pile into [...] The post Tech Sector Thumbs Its Nose at Higher Rates appeared first on ETF Trends .
