The tech sector has been the engine driving stock market gains this year, with giants likeApple Inc(NASDAQ:AAPL),Microsoft Corp(NASDAQ:MSFT) andNvidia Corp(NASDAQ:NVDA) leading the charge.
But can this momentum last through the second half of 2024? The answer lies in a mix of valuation, earnings and the ever-evolving landscape of technology, according to Direxion Managing DirectorEd Egilinsky.
"Technology has led the market again this year," Egilinsky tells Benzinga. "However, valuations within the Technology sector are pricey right now, so we will see if the growth can continue to support it. A fresh...
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