Nicole from The Independent said that Tech stocks in 2020 saw significant overall gains despite it being a volatile year of record-breaking lows and highs. The year started and ended bullish, with long stretches of immense uncertainty.
Massive sell-offs beginning in February amid the coronavirus outbreak caused a stock market crash on March 9, representing the biggest point plunge in the Dow Jones Industrial Average (DJIA) history. By the end of the year, however, the market saw record highs. These historic ups and downs of 2020 made for a volatile market, but proved out again the value in investors being more mindful of long-term performance rather than hourly (or monthly) changes.
Stacker compiled a list of the best performing tech stocks of 2020 using data from IEX Cloud. Information technology and communication services stocks in the S&P 500 were considered. Stocks are ranked by total return.
How useful was this post?
Click on a star to rate it!
Average rating / 5. Vote count:
No votes so far! Be the first to rate this post.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.