Tech Stocks Stage Stunning Recovery: 5 Nasdaq 100 Picks: A jobs report tailor-made to boost investor sentiment helped U.S. stocks surge higher last Friday. The biggest beneficiaries of this data were tech stocks, with the Nasdaq hitting closing and intraday records. In the process, the index recouped losses incurred during February’s correction, inching up marginally.
Clearly, investors are seeking out tech stocks in an environment where growth-oriented investments are a favored option. Additionally, tech stocks have seen a successful earnings season and are expected to report strong numbers through 2018. With no roadblocks in sight, it makes sense to bet on large-cap tech stocks from the Nasdaq 100 at this point.