Delayed Fed rate hikes provide a temporary positive outlook for technology stocks that rely on long-term growth
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
"the selling paused on Friday as investors welcomed data showing the US economy added less than half the jobs than forecast in June, while figures for the previous two months were also revised down. The readings suggested the labour market was not as strong as previously thought, and give the Fed some breathing room to hold off an expected rate hike for now."
"That outlook triggered concerns that higher interest rates could weigh on corporate spending, particularly in artificial intelligence, and pressured high-growth technology stocks."
"With the Federal Reserve potentially taking more time, investors see this as a temporary positive outlook for equities, particularly in the technology sector that relies on long-term growth, amid ongoing inflation concerns."