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PANews cited Seeking Alpha as saying that the sell-off in technology stocks dragged the three major U.S. stock indexes lower for the week, with Intel, Alphabet, ServiceNow, and AMD posting significant declines. The Federal Reserve kept the interest-rate range unchanged.
The Wall Street Morning Brief says the Federal Reserve paused rate hikes, the three major U.S. stock indexes closed higher, and memory and optical communications stocks performed strongly; Amazon, Intel, SanDisk, Coinbase, and Strategy will release earnings after the close.
BlockBeats said U.S. technology stocks rebounded on Monday after a recent sell-off, but whether the market can stabilize will depend on whether this week's results from companies such as Meta and Tesla can support profit expectations for AI artificial intelligence investment. Several institutional market participants believe technology stocks may remain under pressure in the short term.