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When economies across the country went into lockdown mode earlier this year, many market watchers expected the worst. And initially, that’s what they got, as the S&P 500 lost nearly a third of its early January value by mid-March.

Fast forward six months: Those losses have vanished and the index is now up for the year, despite large-scale job losses and miserable second-quarter GDP numbers.

The tech sector, which is a beneficiary of, and relatively immune to, some of the current challenges facing the physical economy, has been responsible for a large proportion of the overall gains. The S&P 500 Information Technology Index is up near 40% this year.

Sarah Goldberg
Sarah Goldberg

Sarah is a seasoned financial market expert with a decade of experience. She's known for her analytical skills, attention to detail, and ability to communicate complex financial concepts. She holds a Bachelor's degree in Finance, is a licensed financial advisor, and enjoys reading and traveling in her free time.

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