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Tech stocks might have hit a speed bump after being on a tear earlier this year.
Major tech names tanked earlier this month after a report from Goldman Sachs focusing on Facebook, Amazon, Apple, Microsoft and Alphabet highlighted concerns over their valuations and low volatility. Tech names remained under pressure for a second straight session after the initial sell-off on June 9, 2017, when Mizuho Securities downgraded Apple shares from "Buy" to "Neutral."
While the tech sector recovered after the two-day slide, selling pressure appeared to remain through last week.
Some experts believe a further pullback in tech stocks is warranted, but others think the sector looks set to rally even amidst slower economic growth.
