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The technology index will completely shift its focus to economic data this week due to its high sensitivity to interest rates. The most critical day for the index will be Wednesday, when both the ADP data related to the labor market and the ISM Services PMI data, which measures the health of a significant part of the economy, will be released. A slowdown observed in the labor market and the services sector could increase expectations that the Fed may adopt a more dovish stance in its monetary policy, potentially triggering a relief rally in interest-sensitive technology stocks. Strong data, on the other hand, will keep the "higher for longer" interest rate scenario alive, continuing the pressure on the index.