Posted 3/4/2024, 5:11:00 PM
Tech Sector Fuels New Highs for Japanese, US Stocks Despite Dot-Com Boom Comparisons
- Japanese and U.S. shares reach new highs fueled by tech sector, with strong earnings allaying overheating concerns
- Money concentration in few stocks invites comparisons to 1990s dot-com boom
- Nikkei Stock Average broke 40,000 mark for the first time on Monday
- Bullishness about AI lifting American stocks, creating ripple effect in Japan and elsewhere
- Though Nikkei ended higher, only around 40% of constituents closed day higher