The technology sector is experiencing a notable sell-off, driven in part by Dell's disappointing earnings and lower revenue guidance, prompting investors to reevaluate their investments.
Investors are increasingly rotating into financials, utilities, and consumer staples, anticipating that a less regulated environment under a potential Trump administration will favor cheaper stocks.
Despite most indexes falling, healthcare stocks are showing resilience with a .94% gain, while technology, particularly consumer discretionary stocks, continues to lag.
The 'Magnificent 7' technology stocks are trading at a significant premium, about 30 times forward earnings, compared to other S&P 500 stocks trading at 19 times.
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