From Yahoo Finance: 2024-07-28 11:12:29

The recent tech rout continues as investors shift away from big tech stocks towards other market sectors, with the Nasdaq 100 experiencing a 2.7% decline last week. Concerns about overvalued tech giants like Tesla and Alphabet contribute to fears of a wider market correction. Small-cap stocks, particularly the Russell 2000, have seen increased investor interest. Goldman Sachs warns of potential pressure on profit growth due to heavy AI spending by major tech companies. Analysts predict further market declines in the second half of the year, with upcoming earnings reports from Meta, Amazon, Apple, and Microsoft expected to be pivotal.



Read more at Yahoo Finance: Why the tech stock selloff isn’t over yet: Wall Street strategists