The weakness for Big Tech has come as a strong earnings season comes to a close and as the key 10-year Treasury yield has steadily climbed toward pre-pandemic levels. However, the slippage from some of the market's biggest names doesn't have Wall Street strategists warning of a larger pullback just yet.
"Now that the earnings parade has stopped as well, it's not surprising that things have slowed down. It doesn't mean that we're going to have a correction," said Brian Belski of BMO Capital Markets on CNBC's "Power Lunch."
