EDITOR'S NOTE
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. TOP NEWS
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Stocks making the biggest moves midday: L Brands, Estee Lauder, CureVac, Tesla & more This is a developing news story. Please check back for updates: https://www.cnbc.com/2020/08/20/stocks-making-the-biggest-moves-midday-l-brands-estee-lauder-curevac-tesla-more.html Follow @CNBCnow for breaking news and real-time market updates Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy CNBC Events © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 D
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