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Tech investors are buying the dip, even as trade concerns unsettle the overall stock market

Chris Matthews
Tech investors are buying the dip, even as trade concerns unsettle the overall stock market

Stock-market weakness in May has been attributed to fears over global growth and rising U.S.-China trade tensions, concerns that have helped to push trade-sensitive sectors like information technology, industrials and materials into a severe pullback. Helping boost info tech shares has been the semiconductor industry, seen as a highly cyclical sector that is very sensitive to concerns over the proliferation of new trade barriers (see FactSet chart below with the S&P 500’s return in red, industrials in yellow, technology shares in green and materials in purple).