Virus brings rare entry for tech stocks

Wild weeks on Wall Street have opened some tempting opportunities

Vikram Barhat 18 March, 2020 | 1:13AM

Mac laptop

The stock market carnage in February, that saw the Dow plunge more than 3000 points, continues to fuel uncertainty in March. The ongoing sell-off triggered by fears over the spread of the deadly coronavirus has clobbered stocks across sectors and geographies.

As fears and uncertainty roil equity markets, companies in the U.S. tech sector with substantial revenue exposure to China have been hit the hardest. The Morningstar U.S. Technology Index has fallen 2.5% for the year to date (expressed in U.S. dollars) while the S&P Technology Select Sector Index gave up 2.2% for the same period, as of Mar 03.

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About Author

Vikram Barhat

Vikram Barhat  Vikram Barhat is a Toronto-based financial writer specializing in investing, stock markets, personal finance and other areas of the financial services industry. He also writes for CNBC, BBC, The Globe and Mail, and Toronto Star.