Market sentiment appears to be improving after the pullback witnessed in the previous two sessions. Beaten-down tech stocks are expected to lead the recovery, as indicated by the outperformance of Nasdaq 100 futures. Traders will likely focus on economic data related to the housing market, consumer confidence, and manufacturing sectors to gain better insight into the economic and rate outlook.
The subdued sentiment observed on Friday carried over into Monday’s session, as uncertainties led to risk aversion and resulted in traders selling growth stocks, particularly in the big tech sector.
