European stocks are expected to open in mixed territory Wednesday as global market jitters over AI tech rivalry between the U.S. and China eases.
Broad stock market indexes would suffer in 2025 if Big Tech leaders continue to falter but the average stock is likely to 'hold up well,' according to Capital Economics senior markets economist James Reilly. Although the S & P 500 Information Technology Index slid 5.
One possibility is that investors will start to favor more of the users of artificial intelligence and fewer of the 'enablers,' which may have already begun before Monday, Reilly wrote. 'In this scenario, the S & P 500 could rally further even as sentiment towards these prior favorites cooled. Indeed, something similar happened during the dotcom bubble — there was a rotation within the I.T. sector around 1999/2000 that didn't undermine the S & P 500 index.
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