Tech Slump, Fed Watch, Biotech Boom

Markets dipped Monday as big tech like Alphabet dragged down the S&P 500 and Nasdaq, though the Dow held steady thanks to healthcare and industrial gains. Analysts note tech stocks often move together, but AI infrastructure fundamentals remain strong. Investor sentiment swung on easing U.S.-Iran tensions, helping stabilize oil prices. This week’s key event: Thursday’s PCE data—Fed’s top inflation gauge—could push rates higher, with markets betting on a September quarter-point hike. Meanwhile, AbbVie’s $10.9B cash buyout of Apogee Therapeutics sends shockwaves through biotech. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/452ad3d72fbb0f4e