Investors are closely monitoring key U.S. economic data amid signs of a broader market pullback and growing instability in the technology sector. As equities retreat from recent highs, market participants are assessing inflation trends, labor market conditions, and Federal Reserve policy expectations to gauge the trajectory of financial markets. The tech industry, which has driven much of the market’s gains this year, is now experiencing volatility as higher interest rate projections weigh on growth stock valuations. Traders are particularly focused on upcoming employment and consumer spending reports, which could influence the central bank’s next policy move. With sentiment turning cautious, analysts suggest that near-term market performance may hinge on whether economic indicators show resilience or signs of cooling.
— news from Reuters