[unable to retrieve full-text content]Tech Stocks Drag Down US Futures Before GDP Data: Markets Wrap Yahoo Finance Source link
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Tech Giants Drag Down US Stocks After Torrid Rally: Markets Wrap
(Bloomberg) — Stocks came under pressure as a trio of tech heavyweights fell, with traders wading through mixed economic data in the run-up to Jerome Powell’s testimony to Congress. Most Read from Bloomberg Equities lost traction after a rally that has spurred concern about sky-high valuations — especially in megacaps, leaving the group vulnerable to big moves in the face of bad news. Apple Inc.’s iPhone woes in China deepened while Advanced Micro Devices Inc. hit a US roadblock in… Source link
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