The tech sector's struggles are casting a shadow over the broader market, with major players like Microsoft and Nvidia delivering disappointing forecasts that have dampened investor sentiment. Despite this, the S&P 500 is showing resilience, buoyed by positive economic sentiment and strong performances from other sectors. Approximately 80% of S&P 500 constituents are trading higher, indicating a mixed but generally positive market environment. Investor caution remains, particularly with Apple's upcoming earnings announcement, which has added to the tech sector's volatility.
The Invesco S&P 500 Equal Weight ETF (RSP) has managed to edge higher, rising 0.95% to $182.53 as of 12:00 PM on Thursday, January 30.