Wall St Week Ahead: Tech sell-off jolts investors

TheStar Sat, Feb 01, 2025 06:58am - 1 week View Original


Markets will be on alert for hints of economic overheating, which could exacerbate fears that Trump's trade and immigration policies could reignite inflation. — AFP

NEW YORK: US investors rattled by this week's sharp tech sell-off will closely watch upcoming jobs data for signs of continued economic resilience, which could fuel inflationary concerns already stoked by President Donald Trump's policies.

The January nonfarm payrolls report due next week will signal whether the labour market remains buoyant despite high borrowing costs. The Federal Reserve left interest rates unchanged on Wednesday, citing a strong economy and inflation still above its 2% target.

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takhiyuddin wan hamid
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