Big tech stocks slumped again on Wall Street, pulling the Nasdaq down 10 per cent over the past three trading days. Such so-called "growth" stocks have been trouncing the performance of stocks that look like better bargains — called "value stocks" by investors — by margins wide enough to raise eyebrows along Wall Street. "The growth versus value outperformance was at an unheard of extreme at the end of August," said Sam Stovall, chief investment strategist at CFRA. That gap began to narrow on Thursday, when tech stocks began cracking and the Dow fell more than 800 points, and that "showed investors that tech stocks and growth stocks can fall just as easily as they rise," Stovall said. (Regis Duvignau/Reuters)The company behind the S&P 500 announced on Friday the inclusion of several companies in the benchmark index, including Etsy.

Source: CBC News September 08, 2020 20:48 UTC