Wall St Week Ahead Rally in U.S. big tech stocks may be getting stretched

A blistering rally in U.S. big tech stocks may be due for a breather, offering hope for market segments that have been more tepid this year.Although the S&P 500 is up 14.6% this year, most of the broader index's gains have been concentrated in the information technology and communications sectors - up 28.2% and 24.3%, respectively. The rest of the market has been more subdued: the next best performing sector, utilities, is only up 9.5% year-to-date.

Many investors believe the long-term case for tech stocks is solid, given their strong earnings and excitement over the revolutionary potential of artificial intelligence. But huge price gains, including Nvidia Corp's 155% year-to-date run, have stirred worries that the tech rally might be overheated.

Market laggards such as small caps and so-called value stocks such financials and industrials may be looking like bargains.
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