Many tech stocks finished the first half of 2021 with record gains, following an extended slump in the initial months of the year. As the economy continues to recover, McAfee (MCFE), Commvault (CVLT), Agilysys (NASDAQ:AGYS), and Thryv (THRY), which had double-digit gains in the first half, should reach fresh new highs.The markets completed the first half of 2021 with multi-decade gains. The tech-heavy Nasdaq Composite gained 12.5% in the first half of the year. Moreover, Nasdaq hit its all-time high of 14,649.11 in the last trading session, driven by an impressive June job growth report. Following the release of the job market data, benchmark treasury yields declined slightly on July 2.
The bullish stock market indicates favorable investor sentiment despite several macroeconomic headwinds. Besides the robust tech integration, hefty government investments and the Fed’s commitment of not raising the interest rates preemptively should boost the tech stocks further in upcoming months.
An accommodative monetary policy and surging investor sentiment have driven the performance of popular tech stocks McAfee Corp. (MCFE), Commvault Systems, Inc. (CVLT), Agilysys, Inc. (AGYS), and Thryv Holdings, Inc. (THRY). These stocks have delivered double-digit price gains in the first half of 2021. This trend is likely to continue as the economy reaches its pre-pandemic levels.