Tech weakness and ECB rate decision set the tone.

The upcoming week tests global markets as the recent 3% drop in the Nasdaq-100 risks pulling broader indices lower. With the Dow and Russell already extending their consecutive weekly declines, investors are closely watching to see if capital rotates back into technology or if the selling pressure persists. Across the Atlantic, the ECB's rate decision and Christine Lagarde's press conference take center stage. Diverging monetary policy narratives between the ECB and the Fed could spark significant volatility across European and U.S. equities, gold, and the U.S. dollar.