Huge inflows into tech ETFs mean the pressure is on for Apple and Alphabet to deliver strong earnings this week.
 | MON, APR 29, 2019 | | | | DOW | | NAME | LAST | CHG | %CHG | | INTC | 51.11 | -1.32 | -2.52% | | DIS | 139.30 | -0.62 | -0.44% | | AAPL | 204.61 | +0.31 | +0.15% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | GE | 9.73 | +0.16 | +1.67% | | BAC | 30.77 | +0.42 | +1.38% | | F | 10.32 | -0.09 | -0.87% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AMD | 27.69 | -0.19 | -0.68% | | INTC | 51.11 | -1.32 | -2.52% | | SIRI | 5.87 | +0.09 | +1.56% | |
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Investors have stampeded back into technology stocks. Last week, flows into tech ETFs were what Jefferies U.S. equity strategist Steven DeSanctis described as "white hot." The group saw $948.4 million in inflows throughout the week, according to data from Jefferies and FactSet.  But investors are exiting the stock market overall, with an outflow of $3 billion, according to Jefferies. And investors were far less enthusiastic about small caps, which posted an outflow of $712 million.This means the pressure is on for tech earnings this week from Apple and Alphabet to deliver. Tech is by far the best-performing sector this year, led by the so-called FANG stocks. Google's parent company, Alphabet, reports after the bell Monday and has rallied more than 30% since Christmas. Apple, scheduled to post fiscal first-quarter earnings Tuesday, is up 39% in the same period.
If these stocks disappoint, it will mean investors are wrong about the sector they love most. That could could hurt confidence in the overall market.
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