{"id":83819,"date":"2023-02-06T00:58:00","date_gmt":"2023-02-06T05:58:00","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=83819"},"modified":"2023-02-06T00:40:18","modified_gmt":"2023-02-06T05:40:18","slug":"tech-stocks-just-finished-a-five-week-rally-the-longest-stretch-since-market-peak-in-november-2021","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2023\/tech-stocks-just-finished-a-five-week-rally-the-longest-stretch-since-market-peak-in-november-2021.html","title":{"rendered":"Tech stocks just finished a five-week rally \u2014 the longest stretch since market peak in November 2021"},"content":{"rendered":"\n<p>(CNBC) The <a href=\"https:\/\/www.cnbc.com\/quotes\/.IXIC\/\">Nasdaq<\/a> just wrapped up its fifth straight week of gains, jumping 3.3% over the last five days. It\u2019s the longest weekly winning streak for the tech-laden index since a stretch that ended in November 2021. Coming off its <a href=\"https:\/\/www.cnbc.com\/2022\/12\/30\/nasdaq-closes-out-its-first-four-quarter-slump-since-dot-com-crash.html\">worst year since 2008<\/a>, the Nasdaq is up 15% to start 2023. The last time tech stocks enjoyed a rally this long, investors were gearing up for electric carmaker<a href=\"https:\/\/www.cnbc.com\/quotes\/RIVN\/\"> Rivian\u2019s<\/a> blockbuster <a href=\"https:\/\/www.cnbc.com\/2021\/11\/10\/amazon-backed-ev-start-up-rivian-set-to-go-public-.html\">IPO<\/a>, the U.S. economy was closing out its <a href=\"https:\/\/www.cnbc.com\/2022\/01\/27\/gdp-grew-at-a-6point9percent-pace-to-close-out-2021-stronger-than-expected-despite-omicron-spread.html\">strongest year<\/a> for growth since 1984.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/02\/03\/nasdaq-notches-five-week-streak-longest-since-market-peak-in-nov-2021.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The Nasdaq just wrapped up its fifth straight week of gains, jumping 3.3% over the last five days. It\u2019s the longest weekly winning streak for the tech-laden index since a stretch that ended in November 2021. Coming off its [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-83819","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=83819"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83819\/revisions"}],"predecessor-version":[{"id":83820,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83819\/revisions\/83820"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=83819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=83819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=83819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}