The chances of a rebound after a sharp fall, is it time to bottom out? Next week's market outlook Langjian Trading

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The disruption in the global tech industry on Friday led to a decline in the stock market. The S&P 500 Index and the Nasdaq Composite Index fell by nearly 2% and 3.5%, respectively, while the Dow Jones Industrial Average rose by about 0.7%. This week's key economic growth and inflation data, as well as earnings reports from big tech companies, will determine whether the market slump will continue. The economy is expected to grow at an annualized rate of 1.9% in the second quarter, and the core PCE increased 2.5% year-on-year in June. Recently, there has been significant market rotation, with outstanding performance in the real estate and financial sectors, and small-cap stocks have rebounded. The earnings reports of Tesla and Google will be the focus, and whether the rise driven by artificial intelligence will continue to attract attention.

The market pulled back last week, and S&P's highs fell quite a bit, and several leading technology stocks also retreated sharply. So can they break the bottom now? Can the market stabilize? Check out today's video: