Tech stocks continue driving US markets as weak growth elsewhere limits rotation despite concerns over AI spending and valuations.
Wall Street's wider weakness keeps AI trade rolling
AA Astro Awani 
Key points
- The concentration of US equity indices in tech is well known, but less appreciated is how weakness in other sectors is helping drive this phenomenon.
- Technology and communication services, just two of the S&P 500's 11 sectors, are expected to deliver 42% of the entire index's forecast US$783 billion in third-quarter earnings, according to LSEG.
- Investors expect these two sectors to account for half of all earnings growth this year, with six sectors contributing just 10%.
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- Astro Awani Wall Street's wider weakness keeps AI trade rolling (this story)
