All Major IT Stocks Drop Up To 5% After Accenture's Downgrade, What Lies Ahead?

The Information Technology (IT) sector witnessed a significant downturn with several stocks plunging by up to 5% following Accenture's downward revision of its guidance. The global consulting and professional services company's move had a ripple effect on IT stocks, triggering a sell-off among investors concerned about the sector's outlook. This development underscores the sensitivity of IT stocks to global economic trends and highlights the challenges faced by the industry amid evolving market dynamics