Stock Price Winners Outnumber Losers 3-To-1 In The First Half Of 2017
Stock markets got off to a roaring start in 2017 and continued an upward climb through the first half of the year, fueled at least in part by investors who expected tax cuts and fiscal stimulus spending under President Donald Trump.
That likely gave a boost to technology stocks: Thirty-two of the 42 publicly traded IT companies on our watch list recorded stock gains in the first six months of 2017 – two-thirds of those by double-digit percentages.
How does that compare to the stock market overall? For the first half of the year the Dow Jones Index was up 8.03 percent while the Nasdaq was up 14.07 percent – the latter despite some index declines in June.
Here's a look at who was up and who was down for the first six months of 2017, starting with companies with the biggest gains in share price, based on stock closing prices on Dec. 30, 2016, and June 30, 2017.