The View from 5th Avenue – 12 September 2023
Posted onTech pulled markets lower in Tuesday trading as outperformance in Energy did little to offset the broader result. The Nasdaq underperformed its index peers and again traded places with its 50-day MA to the losing position today.. The main offenders on the drop today were Oracle falling (-13.5%) as the worst performing name in the S&P following discouraging release yesterday and Apple (-3.1%) as the main event of the day did little to spur excitement as the new release of the iPhone, smartwatch…