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Why Tech Crashed as a Massive Rotation Sweeps Wall Street
Season 4
Episode 46
Published 3Â weeks, 3Â days ago
Description
The Tuesday session closed mixed as tech suffered a sharp pullback while blue chips rallied to historic highs. Here is why.
🚀 Winners: Utilities (+0.37%) and Financials (+1.49%) surged as falling energy costs sparked a massive cyclical rotation.
📉 Losers: The Nasdaq plummeted -1.2% and Energy sank -0.82% as WTI crude crashed below $78.
🔔 The Look Ahead: Tomorrow brings the main event. Kevin Warsh delivers his first-ever FOMC interest rate decision as Federal Reserve Chairman. Will he fuel the rate-sensitive rally?
Content is for informational and educational purposes only. Market data may be subject to platform delays. This is not financial advice.