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Technology Stocks Pull Down the S&P 500, Can Other Sectors Pull It Higher?

Futures are pointing to a higher open. News and announcements were light before the open which gave investors a chance to digest Tuesday’s selloff. The selloff was orderly which may suggest that the selloff wasn’t a taper tantrum but a “normal” September slump where money managers are rearranging their portfolios for the final quarter.

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Troubling Tuesday: Second Selloff in Seven Sessions Comes as Tech Gets Hit by Yield Climb

Investors probably look forward to Friday more than usual this week.  That’s because Friday is the start of a new month, ending what’s been a disappointing and ugly September that got uglier Tuesday as rising Treasury yields and a volatile situation in Washington took their collective tolls.

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