The cooling off of the tech trade has hurt the broader market indexes, but the catch-up of areas like small caps has been encouraging to many market strategists.
"Now that we're seeing more participation, even though it's caused some volatility over the past few weeks, I think this is ultimately a better story for long-term investors as we move forward," said Callie Cox, chief market strategist at Ritholtz Wealth Management.will play a role in determining whether tech stocks can now bounce back. Microsoft, Meta Platforms, Apple and Amazon are all set to report their quarterly results in the coming days.
Traders in the Fed fund futures market put the probability of the central bank holding rates steady for this meeting at roughly 96%, according to theSimone Biles
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