Technology Drove S&P 500 1.9% Higher Friday, But Look At Tech's Terrible 2022 Loss
Published Friday, January 20, 2023 at: 8:21 PM EST
The Standard & Poor’s 500 surged 1.9% Friday, as super-capitalized tech giants Alphabet and Netflix surged. Tech’s sharp one-day advance is making headlines now but investing in a portfolio for retirement income or for the benefit of the next generation is not about a single day’s return.
In an environment in which the media constantly headlines single-day returns, we’re here to help you stay focused on what’s more important: longer term returns.