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Tech stocks including Apple won't outperform in 2021 as economy reopens from coronavirus, Wharton professor Jeremy Siegel says

15 days ago   |   By

Scott Mlyn/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images
Jeremy Siegel, Wharton professor of finance, told CNBC on Tuesday that he doesn't think tech stocks including Apple will outperform in 2021. Siegel said that Tesla, Zoom, and Docusign "got crazy," while FAANG stocks are more solid but still won't beat the market next year. "If you're in the S&P, I wouldn't worry. But if you have all your assets in those high-fliers, I would be very careful right now," he said. Visit Business Insider's homepage for more stories. Wharton's Jeremy Siegel told CNBC on Tuesday that he doesn't think...
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US stocks tumble as sharp tech sell-off accelerates

15 days ago   |   By

Getty Images / Bryan R. Smith
US equities tumbled on Tuesday as investors continued dumping tech stocks and buying safe-haven assets. Tech giants including Apple , Microsoft , and Facebook dragged on major indexes, while Treasurys and the dollar gained. Investors also digested President Trump's plan to end US's reliance on Chinese exports. The statement threatens to reignite the US-China trade war after weeks of relative calm. Oil slumped below $40 on fresh warnings of demand weakness. West Texas Intermediate crude sank as much as 7.1%, to $36.96 per barrel. Watch major indexes update live...
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