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https://www.wsj.com/articles/investors-seek-safety-in-tech-stocks-money-market-funds-a303816f

Investors Seek Safety in Tech Stocks, Money-Market Funds

After wild quarter, the path of interest rates will determine the outlook for both markets

Photo Illustration by Emil Lendof/The Wall Street Journal; iStock

By Vicky Ge Huang

April 1, 2023 5:30 am ET

The first quarter in markets was one for the record books.

At the start of the year, investors unexpectedly scrambled back into the speculative stocks that were hammered in 2022 when the Federal Reserve started raising interest rates. The period ended with a mad dash out of the banking system that few could have foreseen just weeks earlier.