Posted 12/29/2023, 10:29:25 PM
Tech Stocks Soar While Meme Stocks Sink in Diverging 2021 Market
- Nasdaq 100 index powered by outstanding tech stock performances from Tesla, Meta, and others
- Bitcoin and meme stocks like AMC saw diverging fortunes, with bitcoin surging while AMC plunged
- Value stocks staged a late-year catch-up rally to partly close the performance gap with growth
- Solar and cannabis stocks were among the worst performers as pandemic darlings fell out of favor
- Global stocks saw broad gains, with Nikkei and other non-US indexes leading the S&P 500