Tech Sector Drives Market Rotation And Risk
Investors face a technology-sector shakeout driven by AI concerns and sinking software stocks that left markets jittery ahead of a busy data week. The S&P 500 software index fell about 15% in slightly over a week, while energy, staples and industrials have outperformed; upcoming earnings from AppLovin, Datadog, Coca-Cola, Cisco and McDonald's plus January jobs (+70,000 expected Wednesday) and CPI Friday could shift sentiment. The Fed is expected to hold rates until June amid Warsh nomination.
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Sources
- Read OriginalWall Street Week Ahead: Tech stock shakeout clouds market ahead of economic data delugeeconomictimes.indiatimes.com
