Stock Market Woes: PCE Reading and Big Tech Earnings Analysis

Market Rally Faces Crucial Test as Big Tech Earnings Loom

The stock market has hit its most vulnerable phase in recent months, with significant indicators like the S&P 500 closing below the crucial 5,000 mark for the first time since February, and the Nasdaq Composite experiencing a sharp 5% decline over the week. Amidst this backdrop, the financial world turns its eyes toward a series of economic reports and the impending Big Tech earnings results to gauge the future direction of the markets.