Anticipated US rate cuts drive investors beyond Big Tech
NEW YORK: Looming U.S. rate cuts present investors with a tough choice: stick with Big Tech stocks that have led returns for more than a year, or turn to less-loved areas of the market that could benefit from easing monetary policy. Owning technology and development giants such as Nvidia, Microsoft and Amazon has been a highly profitable strategy for investors since early 2023, even though the stock’s dominance of the market has drawn comparisons to the dot-com bubble of the late 2000s. 1990s. That calculus may begin to change after Thursday’s surprisingly tepid inflation report boosted expectations for a near-term
