Is Big Tech’s dominance over?
Surging tech stocks drove returns during the pandemic, but rising interest rates may pressure their earnings.
Last week’s economic data featured mixed data for service industries, with one survey firmly in expansion and the other firmly in contraction. Additionally, the labor market continues to be tight by any measure and Fed Chair Jerome Powell reiterated the Fed’s commitment to bringing about price stability even at the expense of a weaker economy.
Key Takeaways:
View our informative commentary on the economy and financial markets – and find out what we’re watching for the week ahead:
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