Rotation out of Tech Stocks Weighs on the Broader Market
Yahoo Finance·2026-02-05 00:12
The markets this week will focus on earnings and economic news. On Thursday, initial weekly unemployment claims are expected to increase by 3,000 to 212,000. On Friday, the University of Michigan Jan consumer sentiment index is expected to fall -1.4 to 55.0.US MBA mortgage applications fell -8.9% in the week ended January 30, with the purchase mortgage sub-index down -14.4% and the refinancing sub-index down -4.7%. The average 30-year fixed rate mortgage fell -3 bp to 6.21% from 6.24% in the prior week.The ...