"Inflation Reports and Chip Selloffs: Stock Market Slips Today"
TL;DR
The stock market experienced selling pressure as wholesale prices in February exceeded expectations and retail sales weakened, causing the Dow Jones, S&P 500, and Nasdaq to fall. Despite analysts turning bullish on Nvidia and Super Micro Computer, both stocks plunged. Cathie Wood's ARK Invest holding Robinhood surged, while Tesla fell. Economic data showed a rise in producer prices and a decrease in initial jobless claims, with most sectors in the S&P 500 lower. Some stocks remained near buy points, including Neurocrine Biosciences, Royal Caribbean, and Dexcom.
- Stock Market Today: Dow Jones Slips As Nvidia and Super Micro Get Price Upgrades Investor's Business Daily
- S&P 500 falls after another hot inflation report sends Treasury yields higher, Nvidia slips: Live updates CNBC
- Stocks slip on another hot inflation report, Adobe earnings on tap Yahoo Finance
- S&P 500 Slips Below Record After Chip Selloff The Wall Street Journal
- Stock Market Today: Dow turns lower as traders digest another hot inflation report MarketWatch
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