due at the close of trading on Friday would also cause some "quirky price action" in tech mega-caps, Spencer said.reduce its heavy weightings of tech giants like Microsoft and Apple - may exacerbate moves in these stocks during the ongoing earnings season, Spencer added. But he also predicted that ever-optimistic tech investors would use sustained price weakness as a "chance to reload.
"Markets were building up expectations which now look unlikely to play out," said Guillaume Paillat, a multi-asset manager at Aviva Investors.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China’s Scientists Receive the 2023 Global Energy Prize - IT News Africa | Business Technology, Telecoms and Startup NewsThe 2023 Global Energy Prize presented by the Global Energy Association recipients are Chinese scientists AI IoT Nanoenergy
Read more »
Global shares subdued after US tech earnings disappointGlobal stocks were subdued on Friday after earnings reports from Tesla and Netflix failed to dazzle and ahead of an action-packed week for central bank interest rate decisions.
Read more »