“Technology stocks show signs of ‘breaking down’ ahead of Big Tech earnings”
April 24, 2024
“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…”