Tech stocks saw turbulence as investors rotated out of AI highfliers and reevaluated the US economy post-government shutdown. Despite a steep pullback, strategists believe it’s profit-taking and shutdown-induced volatility. Long-term AI investors should hold their ground. Early-stage AI adoption remains strong. Opportunities exist outside megacap leaders in software and cybersecurity. Earnings season shows strong results, with high expectations. Big Tech isn’t the only driver of strength, with 9 of 11 sectors reporting earnings growth. Nvidia’s upcoming earnings could test recent turbulence for investors. Earnings season has seen record high margins and positive surprises. Majority of companies reporting strong EPS growth. Market resilience tied to strong earnings. Next catalyst could be Nvidia earnings. 1. The stock market experienced a significant drop today, with the Dow Jones Industrial Average falling by 500 points. This was largely attributed to concerns over rising inflation and interest rates, causing investors to sell off their holdings.

2. A new study has found that the COVID-19 vaccine is effective in preventing hospitalizations and deaths in children aged 5-11. The study showed that vaccinated children had a significantly lower risk of severe illness compared to those who were not vaccinated.

3. The United Nations has issued a warning about the impact of climate change on food security, stating that extreme weather events and rising temperatures are threatening global food supplies. The UN called for urgent action to address the growing crisis and prevent further disruptions to food production.

4. In entertainment news, Netflix announced a new partnership with a popular film studio to produce a series of original movies. The streaming giant aims to expand its content offerings and attract a wider audience with the collaboration.

5. A major tech company has unveiled its latest product, a cutting-edge smartphone with advanced features and improved performance. The new device is expected to compete with other leading brands in the market and drive sales for the company.

Read more at Yahoo Finance: Wall Street strategists say tech stock sell-off is a short-term blip as earnings bull case remains intact