While Wall Street has non-stop conversations over when, or even if, the Federal Reserve will cut interest rates, big tech stocks – most notably the Magnificent Seven – have been a driver of recent market rallies. This has raised new questions over which is the true driver of the market, is it economic data, which may have an affect on the Fed and its policies? or is it tech giants and their earnings?
Yahoo Finance Executive Editor Brian Sozzi is joined by Truist Co-Chief Investment Officer Keith Lerner and Yahoo Finance Reporter Ines Ferre for the latest edition of Opening Bid to give insight into if big tech has become the main driver of the market, the massive valuations of tech and the AI boom, and more.
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