Technology

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A week ago, heavily weighted tech stocks were taken to the woodshed. By far the most important market observation we could have is to see how they’ve recovered. If they don’t recover, there is little hope for the market to get a sustained leg up through the summer.
This brings us to Friday's widely-publicized "Tech Wreck." Ahead of the weekend, the massive, former market-leading FAAMG stocks (Facebook, Apple, Amazon, Microsoft and Google) led a big reversal in U.S. tech stocks. As of writing, each of those stocks is trading off over 5% from their intraday highs, and the NAsdaq 100 index of technology stocks is trading off by over 4% as a result.
Earlier this year, engineers at Wal-Mart Stores Inc. (WMT.N) who track rivals' prices online got a rude surprise: the technology they were using to check Amazon.com several million times a day suddenly stopped working.
In a white paper released in February, Kaspersky Lab noted that financial cybercriminals have shifted their focus from attacks against the private users of online banking, e-shops and payment systems, to attacks on the infrastructure of large organizations: banks and payment processing systems, along with retailers, hotels and other businesses.
Regardless of the explanation for the initial drop, the tech sector has come roaring back of late. Though still far from the lofty "Tech Bubble" peak at the start of the millennium, technology stocks recently hit their highest levels relative to the broader stock market in 15 years.
“The sizzle in fintech started, and in some ways is still, on the East coast and the West coast and in London,” says Mark Haraburda, Managing Director Barchart.com Inc., which will be hosting the third annual Fintech Exchange 2017 in Chicago on April 27.
Modern Trader is once again focusing our attention on the world of financial technology and trends within the FinTech space, and we are reaching out to FinTech thought leaders to be part of the conversation. Please look at Modern Trader's Annual Trading & Financial Technologies Thought Leader's Survey and provide your responses.
In our FINtech Focus section we will profile one of these firms. While FINtech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. This week we take a look at Trendrating.
In our FINtech Focus section we will profile one of these firms. While FINtech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. This week we take a look at Trendrating.