Staples, Healthcare Stocks Rise as Tech Shares Start Week In Retreat

Group 1 - Stocks began the week lower due to investor concerns regarding the health of the AI trade, although four of the S&P 500's 11 sectors were rising, particularly healthcare and consumer staples, which were up more than 1% [1] - Over 50 stocks increased by more than 2%, including telecommunications shares boosted by AT&T's positive earnings report and staples companies like Kraft Heinz, JM Smucker, and General Mills [2] - The S&P's information technology sector was the largest decliner, down 5%, with significant drops in stocks such as Constellation Energy and Nvidia, both experiencing double-digit percentage declines [3] Group 2 - Major tech companies, including Apple, Microsoft, and Meta Platforms, are scheduled to report quarterly results soon, and the current market volatility may impact the questions their executives will face [4] - The CNBC's Magnificent 7 index, which includes Meta and Nvidia, was recently down about 3%, reflecting the broader market concerns [4]