India, Nov. 9 -- US stock market remains heavily dependent on technology shares. Despite the recent fall in artificial intelligence (AI) stocks, the US stock market is still expected to depend heavily on how technology shares perform. Investors are watching for possible developments that could affect the sector and the wider market in the coming weeks.

Technology and AI-related stocks have been falling for nearly a month. The decline reached a major point this week when the S&P 500 technology sector recorded its biggest single-day fall in more than six years, according to Reuters.

Investors are worried that Democratic victories in the US midterm elections could slow down spending on data centres. These facilities are important for runni...