Tech stock shakeout clouds market ahead of economic data deluge


FILE PHOTO: FILE PHOTO: A man walks on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., April 7, 2025. REUTERS/Brendan McDermid//File Photo/File Photo

NEW YORK, Feb 6 (Reuters) - An artificial intelligence-driven shakeout in the ‌heavyweight technology sector is set to keep stock investors on edge in the coming week while a barrage of data could shift focus to the health of the economy.

A ‌deepening rout among software stocks commanded Wall Street's attention this week, as investors worried about the extent to which AI would upend business models throughout the industry. ‌Further weakness in the tech sector, which holds massive weight in the major U.S. equity indexes, dragged on the market for much of the week.

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