due at the close of trading on Friday would also cause some "quirky price action" in tech mega-caps, Spencer said.reduce its heavy weightings of tech giants like Microsoft and Apple - may exacerbate moves in these stocks during the ongoing earnings season, Spencer added. But he also predicted that ever-optimistic tech investors would use sustained price weakness as a "chance to reload.
"Markets were building up expectations which now look unlikely to play out," said Guillaume Paillat, a multi-asset manager at Aviva Investors.
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