Tech looks to bounce back from its losses

Article Excerpt

Many technology stocks has seen strong growth over the past couple of years as the pandemic unfolded. The reasons included: the rapid expansion of productivity and cybersecurity technology as COVID-19 forced many people to work from home, and the shift to online shopping. That pushed many information technology stocks and ETFs to all-time highs in late 2021. However, many of these stock have moved down lately on fears that their recent stellar growth forecasts may now prove unrealistic. Those worries are spurred by the prospects—at least in the near term—of customers buying fewer goods and services due to rising inflation and the end of government support payments—as well as a return to in-person work, shopping, dining and so on. Here’s a look at three technology ETFs. Two hold mostly well-established, U.S. tech leaders. The other holds Canadian tech stocks and, due to our smaller market, that entails holding a lot of smaller, more risky shares. (Please see our supplement for more information…