Alger Capital Appreciation Fund Notes QXO's Underperformance Amid Market Volatility

QXO Inc (NYSE:QXO) underperformed in the second quarter as highlighted by Fred Alger Management, despite a strong rebound in US equities. The S&P 500 rose 15.2%, driven by Information Technology and Industrials sectors, while QXO detracted from fund performance amid falling oil prices and market volatility.

By Soumya Eswaran Thu, July 16, 2026 at 6:11 PM GMT+3 3 min read · Yahoo Finance · July 16, 2026, 15:11 UTC

Tickers: $QXO

Topics: Alger Capital Appreciation Fund QXO stock performance

Read the full article at Yahoo Finance

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