US stock investors face a pivotal week as earnings from major technology companies and the Federal Reserve’s policy decision threaten to test the resilience of a market rally increasingly clouded by concerns over artificial intelligence spending and rising financing costs, Reuters reported.
Technology stocks came under pressure last week, putting investors on alert about the sustainability of the AI-driven rally that has powered the US equity bull market into its fourth year. The Nasdaq Composite ended marginally lower on Friday, a day after recording its steepest single-day decline since June, as quarterly results from Meta Platforms and semiconductor equipment maker Lam Research disappointed investors.
