Reported about 1 year ago
A significant surge in U.S. big tech stocks may be due for a pause, with the S&P 500 largely driven by the tech and communications sectors this year. The concentrated gains in tech have raised concerns of overheating, leading some investors to consider value and cyclical stocks as potential alternatives. Signs of exhaustion in tech, such as Nvidia's recent decline, have emerged, prompting a potential rotation in the market. Economic data ahead, including inflation figures, could also impact investor sentiment towards tech stocks.
Source: YAHOO