New York (Reuters) -Technology shares have led to a decrease in Wall Street, with concerns about Amnesty International that stimulates discussions about its future. Nasdak has decreased by 2.2 % over the past two days, the worst decrease for two days since August 1.
The semiconductor index decreased by 1.4 %, while the IT sector was the second largest mixed in the S&P 500, and 1 % slipped on Wednesday.
Participants in the market attributed the sale process to a set of factors, including technical withdrawal after leading a large part of the stock market recovery in the weeks that followed “Tahrir Day” on April 2.
Regardless of the concerns of Amnesty International, analysts also indicated that concerns about government interference with companies, as the Trump administration considered taking stock shares in chip companies such as Intel in exchange for grants under the Chips Law.
comments:
Christopher Murphy, head of the derivative strategy, Suskaana, Pennsylvania:
“I think this is more likely that this is an exaggerated stop from the beginning of the new rotation. The most prominent day in the middle of the day was a seller of 20 thousand December 100 who puts with SPX’s freshness sharply, indicating that investors benefit from the decline through the sale he puts in a new.
Christopher Vikio, Head of Futures and Forex, Testille, New York:
“Technology shares slide with investing investors before the Jackson Hall meeting at the Federal Reserve Bank, where merchants are refrained from chasing assessments to a Powell speech that is likely to lack the September rate.”
“The new concerns about the durability of the artificial intelligence boom, after the study of the Massachusetts Institute of Technology highlighted the returns of weak companies and comments from Sam Altmani from Openai in space, added to pressure.”
“If the beginning of rotation, this is less than” growth growth to value “or” young hats over the occurrence of Mega caps and more than “classic defensive position” on economic weakness: bonds, gold, health care, and consumer matches lead the road. -1.7 % and -1.2 %, respectively, during a window from August to October. “
Art Hogan, Market Strategy, B. Riley Wealth Management, Boston:
“Technology has generally increased by 40 % of its lowest levels in April, and the group is clearly advanced to itself. Also, if there is anything to the market consensus, we will see a reduction in a nutritional rate, there will be room for other work as well – and there are 493 other stocks in the S&P 500 that falls behind MAG 7 at the present time. So I think there are few patrols.”
“I don’t know how long it will continue, but if it continues, well, in August and September, the weak seasonal period that can do so. Also, there are some people who started to question it clearly seeing more pressure.
Michael Ashley Shuelman, Chief Investment Staff, Running Point, El Segundo, California:
“It seems that the shares of American technology on Tuesday and their continuation today are similar to multiple pressure of margin mathematics, but the timing makes it difficult to ignore the new elephant in the server room. Asma was retreating on the dreams of artificial intelligence, with NVIDIA, AMD and Palantir techniques between withdrawals.”
“The Deepseek update on Tuesday is a dangerous cocktail of ability and availability, and merchants remember well the withdrawal of the original cruel market caused by Deepseek when it was widely recognized in January this year.”
Brian Jacobsen, Chief Economist, Wealth Appendix, Brockvied, and Wisconsin:
“When you move from Rally to Rally, this shows how vulnerable the names even smell bad news. (SAM) could have been a Altman evaluation warning and then Metha restructuring by dividing artificial intelligence on fire.”
Seth Heikal, Director of the Governor, Mental Wealth Management, Indianapolis:
“I think we are starting to see a little rotation. It is always good to see a little retreat to this way, the markets can be redirected.”
“For me, technology was to arrest it. Perhaps that was justified, but this purchase could have been on rumors, and sold it to the type of news that we got in technical profits. We had really good profits, and now it is only natural that it was only normal to sell some of these good news.”
“I will not be surprised if we see a little rotation in some maximum or in health care names, or consumers. For me, this is a kind of healthy rotation. But frankly, I don’t think it will be a long -term trend.
Phil Blancato, CEO of Ladenburg Thaalmann Asset Management, New York:
“It comes to a lot of tried profits and a temporary re -balance here. If you get a federal reserve reduction or mention it on Friday, this will be reflected very quickly, but this is a lot about the names that have been pushed to really noble levels and profit in the council.”
Steve Sosnik, Senior Strategic Expert, Interactive Intermedines, Connecticut:
“The technology -led sale process that we saw yesterday resumed this morning. However, the buyer of the decline at approximately 11 am EST, and we have now regained about half of our losses. It is somewhat inevitable that we expect them to arrive immediately, although it took a little longer than usual.”
“I think some of the early declines are related to making profits and risky risk before (Federal Reserve Chairman Jerome) Powell speech on Friday. This is just a relatively and benign rotation, although it is amplified due to the summons of major shares in major shares in the main indicators.
“Note that futures contracts have penetrated their lowest level before the market after a period of publication on the social truth. The markets were not troubled because there are inquiries in the appropriateness of personal mortgage requests. They are getting an assumption of innocence until it is proven guilty, like anyone else. Hours.”
Adam Saharan, CEO, 50 Park Investments, New York:
“To see a little decline here after the big move is completely normal and healthy. If the sale increases, you will see a rotation outside technology to the areas denominated with less than its value such as biotechnology shares, health care shares or small maximum shares because these areas did not participate this year.”
(I participated in the reports of Carolina Mandel, Johann Sherian, Laura Matthews, Susan McGgy, and Jeritrod Chavez-Wirifus)
