Tech Stocks Come Under Increasing Pressure In The Nasdaq

The US stock market recovery has been led by the surging Nasdaq. The tech-dominated index has consistently generated strong returns, and for the year to date the Nasdaq has grown 8.2%. This has been led by strong performance from the top 6 Nasdaq stocks including Google (GOOG), Apple (AAPL), Amazon (AMZN), Netflix (NFLX), Gilead Sciences (GILD) and Facebook (FB) among others. Based on market capitalization, these tech stocks completely rule the index by their weighting alone. Consider for a moment the year-to-date performance of each of these leading stocks:

  • Google (GOOG: NASDAQ)                                                                    +19.92%
  • Apple Inc (AAPL: NASDAQ)                                                                 +3.35%
  • Amazon (AMZN: NASDAQ)                                                                  +72.33%
  • Netflix Inc (NFLX: NASDAQ)                                                                +141%
  • Gilead Sciences (GILD: NASDAQ)                                                        +26.62%
  • Facebook Inc (FB: NASDAQ)                                                                 +20.07%
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