Markets Falter as Big Tech Slide Continues. Stock Futures Slip With Eyes on Fed Summit.
The group of highly valued technology stocks–Amazon, Apple, Google-parent Alphabet, Microsoft, Facebook owner Meta Platforms, chip maker Nvidia, and electric vehicle maker Tesla–have been the driver of a broad pullback in the tech sector.
That’s been the story of the week as investors reassess whether the artificial intelligence rally may have become too hot,