Why tech stocks are proving resilient despite ongoing banking crisismarkets.businessinsider.com/news/stocks/technology-stocks-banking-crisis-svb-interest-rates-mega-cap-tech-2023-3
Tech stocks surged 6% this week as investors cheered their limited exposure to the banking sector.
• In fact, the bank crisis helped sparked the rally in tech thanks to a precipitous drop in interest rates.
• Here's why the tech sector benefited from the biggest bank failure since 2008.
The tech sector isn't sweating the collapse of Silicon Valley Bank.
Tech stocks not only…
This story appeared on businessinsider.com, 2023-03-17.