Tech Stocks: Stock Price Winners Far Outnumber Losers In 2016
While the stock markets got off to a bumpy start in 2016, they finished the year with a surge fueled by investors who expect tax cuts and fiscal stimulus spending under President Donald Trump to boost their business prospects.
A rising tide lifts, well, many boats and 30 of the 42 publicly traded IT companies on our watch list recorded stock gains during the year – the majority by double digits and one by triple digits.
How does that compare to the stock markets overall? For the year the Dow Jones Index was up 13.42 percent while the Nasdaq was up 7.50 percent.
Here's a look at who was up and who was down for the year, starting with companies with the biggest gains in share price, based on stock closing prices on Dec. 31, 2015, and Dec. 30, 2016.