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Spending worries pressure tech stocks as investors await rates decision
Oil prices fell alongside weaker tech sentiment as investors looked ahead to next week’s interest-rate decision.
Spending concerns weighed on technology shares, according to WSJ Markets, with investors focusing on how demand trends could affect the sector.
The outlet also noted that oil prices declined, suggesting broader risk sentiment was cooling even as markets prepared for a key catalyst next week.
WSJ Markets added that investors were also watching Elon Musk’s business portfolio amid ongoing pressure, as attention turned to the upcoming interest-rate decision.