The multi-month sideways crawl in stocks continues Tuesday amid a lack of directionality. Intense focus remains on the headlines spewing out of Washington D.C.. Which, to be fair, have very little to do with the market and the economy. At least, not directly (political gridlock lessens the change of pro-growth legislation this year, the main impetus for the post-election rally).
But there is plenty of excitement if you know where to look, with retail stocks getting hammered on the downside and key Big Tech stocks rallying hard to the upside.
Investors are becoming increasingly picky about the stocks they are focusing on, resulting in narrowing measures of market breadth.
Yet that doesn’t take anything away from the very impressive rallies underway in the technology sector — which in some cases, is the mirror of what’s happening in retail, driven by market share gains. Here are four tech stocks zooming higher: