Wall St drops as caution rises before big tech earnings, Fed

Shares of tech and internet companies have run up recently and last week regained leadership of the market.

"Expectations are so high. They're going to have good numbers ... but we are expecting much more or maybe they will talk down the second half of the year," said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago. Adding to the cautious tone is the outlook for U.S.-listed Chinese stocks, he said. The shares extended losses as fears over more regulations in the mainland persisted.

Caution was also high as the Fed began its two-day meeting, with investors looking for signs on when it intends to begin reining in its massive stimulus program.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stock markets advance after Wall St rises to recordOn Monday, Wall Street's benchmark S&P 500 index rose to a new record, shrugging off worries about the spread of the coronavirus's more contagious Delta... Follow Us For More Updates horrible
Source: MarketWatch - 🏆 3. / 97 Read more »

Asia-Pacific stocks set for mixed start following record closing highs on Wall StreetAll three of the major averages stateside ended at record closing highs last week. good luck
Source: CNBC - 🏆 12. / 72 Read more »