S&P 500 May Find Support From Tech Stocks This Year -- Market Talk

Dow Jones

02/10

0448 GMT - The S&P 500 is likely to find some support from technology stocks this year, according to Thomas Mathews at Capital Economics. He expects 2026 to be a good year for the index despite its rocky start. Tech companies' earnings still look "quite positive" despite concerns on AI capital expenditure and how AI might negatively impact some companies' business models, the head of markets says. Mathews says CE has been positive on U.S. equities for some time now and doesn't think it's time to throw in the towel yet. CE forecasts the S&P 500 to rally to 8000 by the end of this year. The index closed 0.5% higher at 6964.82 on Monday. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

February 09, 2026 23:48 ET (04:48 GMT)

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He expects 2026 to be a good year for the index despite its rocky start. Tech companies' earnings still look \"quite positive\" despite concerns on AI capital expenditure and how AI might negatively impact some companies' business models, the head of markets says. Mathews says CE has been positive on U.S. equities for some time now and doesn't think it's time to throw in the towel yet. CE forecasts the S&amp;P 500 to rally to 8000 by the end of this year. The index closed 0.5% higher at 6964.82 on Monday. 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