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Analyst: If Oil Prices Stabilize, the U.S. Tech Sector May Benefit
Svmuu News: Patrick Munnelly of Tickmill Group noted in a report that the U.S. technology sector could benefit if oil prices stabilize and investors scale back their expectations for Federal Reserve interest rate hikes. Previously, rising oil prices had led the market to price in a higher probability of Fed rate hikes in the coming months, thereby weakening demand for risk assets. However, he also noted that if energy prices continue to climb, inflation concerns could intensify, which in turn could dampen market risk appetite. (Jin Shi)
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