The sudden selloff in tech shares on Monday and Friday, June 9, was partially tied to a note from Goldman Sachs that said low volatility in Facebook Inc. (FB) , Amazon Inc. (AMZN) , Microsoft Corp. (MSFT) and Google parent Alphabet Inc. (GOOGL) may be blinding investors to risks including regulation and cyclicality. The firm cautioned investors not to think of the sector as a safe haven.
Industry leaders bore some of the worst of the sector's losses on Monday. Apple Inc. (AAPL) fell sharply on Monday was trading higher in premarket trading on Tuesday, up 0.7% to $146.50.
Oil prices in the U.S. early Tuesday rose 0.46% to $46.29 a barrel.
2. -- The Federal Open Market Committee -- the Federal Reserve's policy-making arm -- begins Tuesday a two-day meeting at which it is expected to lift interest rates by 0.25%.
The decision on rates from FOMC is expected at 2 p.m. ET on Wednesday, June 14. A press conference with Fed Chair Janet Yellen is scheduled for 2:30 p.m.