Investors Rotate Out Of Big Tech

Written By Timmy Adami

July 11, 2024

MRKT Matrix - Thursday, July 11th

  • S&P 500 falls from record as investors rotate out of 2024 tech winners (CNBC)

  • The S&P 500 hasn’t been this overbought since late 2023 — signaling trouble ahead (CNBC)

  • Tesla Delays Robotaxi Event in Blow to Musk’s Autonomy Drive (Bloomberg)

  • Delta shares fall as a glut of flights drives down fares despite high demand (CNBC)

  • PepsiCo, After Years of Price Hikes, Sounds an Alarm on Consumer Spending (WSJ)

  • Costco hikes membership fee for the first time since 2017 (CNBC)

  • S&P 500 Financials Sector Q2 Earnings Preview: Banks Expected to Report Largest Decline (FactSet)

Timmy Adami
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