Friday, 29 December 2017

Wall Street Little Changed As Tech Treads Water

US stocks were little changed in light trading on Thursday, as technology stocks continued to tread water and offset gains in financial stocks. Tech stocks slipped 0.04 percent and were on track for their sixth loss in seven sessions. The index has struggled somewhat to close out the year but remains the best-performing sector in 2017, up more than 37 percent.

Tech had such a great year, it is more likely to be just re-balancing rather than the beginning of any major trend. Tech is probably still going to be a good place to be in 2018.

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