Tech Rout Deepens, Double Central Bank Decision Day | The Pulse 2/5/2026
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The global tech selloff deepened overnight, as an initial rout in software stocks extended to chipmakers. Tepid earnings from Arm, Qualcomm and Alphabet did little to improve sentiment. Hundreds of billions of dollars have been wiped off the value of stocks, bonds and corporate loans in the last two days, while an iShares ETF tracking software stocks has lost $1 trillion in 7 days. The Bank of England and European Central Bank are both expected to hold interest rates. Attention will turn to the
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