Stock Market Shifts: Value Stocks Gain, Tech Stocks Lose

On November 12th, the stock market witnessed a shift towards value-oriented companies, such as industrial and financial sectors, as investors moved away from high-growth tech stocks. This change was influenced by concerns over high valuations in tech and AI companies. The potential end of a government shutdown also boosted market optimism. Notable gainers included Movado, AMC Networks, Topgolf Callaway, Mister Car Wash, and Sphere Entertainment. Despite a recent jump, AMC Networks shares are down 18% this year, significantly impacting long-term investors.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.