Tech and semiconductor shares saw notable price adjustments, halting the S&P 500’s recent advance as investors paused before a fresh round of results.
Upcoming earnings from mega-cap technology companies are now the key test for whether growth expectations can support current valuations, especially across richly priced chip and AI-linked names.
The pause leaves the broader market searching for direction from a narrow group of heavyweight companies whose reports could determine whether the rally resumes or broadens into a pullback.