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Economy, Stocks

“Technology stocks show signs of ‘breaking down’ ahead of Big Tech earnings”

“Technology stocks were broadly showing signs of “breaking down,” as the sector struggles in a slump this month that has deepened significantly, according to Bespoke Investment Group. 

The S&P 500’s information-technology sector tumbled 7.3% last week, its biggest weekly drop since the stretch ending March 20, 2020, according to Dow Jones Market Data. Tech is the biggest sector in the S&P 500, which slid 3% last week…”

https://www.marketwatch.com/story/technology-stocks-show-signs-of-breaking-down-ahead-of-big-tech-earnings-7ca854a0

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