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Investors Relieved by Mild China Sanctions

Investors Relieved by Mild China Sanctions

"Phew!" That was the collective reaction of the market after President Donald Trump's Friday presser about China, which wasn't quite as bad as some market observers had anticipated. While Trump announced he was working to revoke Hong Kong's special trade status, and also announced the U.S. would pull out of the World Health Organization, the lack of any harsher actions against China, including anything that might jeopardize the countries' trade deal, was enough to give stocks a little afternoon boost. The Dow, which had fallen by as much as 369 points earlier in the day, closed out the week with a mere 17-point loss to 25,383.

Tech stocks, which have been leading for most of 2020 but stepped back these past few days, were resurgent on Friday. The tech-heavy Nasdaq finished up 1.3%, to 9,489, outpacing the Dow and S&P 500. The sector has had a long runway for years because of how it is becoming increasingly entwined with how we live and work, and there's no reason to think that won't continue. E-commerce stocks are poised to benefit from growing adoption of online retail and digital spending. Artificial intelligence stocks have high upside as everything from streaming content providers to automakers to health care systems increasingly utilize AI. But while those fields and others are filled with exciting narratives and well-worn names such as Nvidia (NVDA) and PayPal (PYPL), a number of lesser-known tech stocks are worth a long look, too. This group of 14 technology (and technology-adjacent) plays aren't first-to-mind for many investors, but they're no less packed with potential.

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