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The Dow is soaring as Big Tech tumbles: What that says about the Fed, recession fears, and the path ahead for stocks

Por: MarketWatch Politics October 30, 2022

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For the technology sector, particularly the megacap names, earnings were a major drag on performance. For everything else, the market was short-term oversold at the same time optimism was building over expectations the Federal Reserve and other major global central banks will be less aggressive in tightening monetary policy in the future, he said. Read: What’s telling is that the interest-rate sensitive tech sector would usually be expected to... + full article



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