Shares of technology companies fell as investors continued to fret about valuations in the sector.
One strategist said it's likely that investors will continue to rotate into other sectors as the vaccine rollout continues and the U.S. economy becomes less dependent on digital activity.
"I doubt my groceries will arrive each and every day at home," said Brent Schutte, chief investment strategist at money manager Northwestern Mutual Wealth Management. "I will probably go down to [the grocery store] more often. I just think it's more of a breather ... not necessarily a death knell."
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-15-21 1809ET
