The tech space took a tumble in the week ended Aug. 2, with the Technology Select Sector SPDR Fund (NYSE:XLK) declining more than 5% and underperforming the S&P 500 Index – a measure of broader market performance. Here’s a summary of what dragged the sector this week and a perspective on where these stocks are headed into the near- and medium-term. Mixed Tech Earnings, Geopolitics Weigh: Tech stocks started the week on a cautious but a winning note as traders awaited earnings reports from a slew of mega-cap tech names. They pulled back notably on Tuesday, dragged by some tech earnings disappoi…
