"Market Holds Key Levels as Tesla Skids and AT&T Data Breach Unfolds"
TL;DR
The stock market rally faced headwinds as Treasury yields hit 2024 highs, causing major indexes to come off morning lows. Health insurers and apparel plays slumped, while Tesla slid on weak deliveries. Energy stocks were strong, but most are significantly extended. Nvidia, Meta Platforms, Uber, Eli Lilly, and Salesforce showed resilience, finding support around their 50-day or 10-week lines. Intel disclosed a $7 billion operating loss for its chip foundry business. Meta, Uber, Eli Lilly, Salesforce, and Microsoft stocks are near buy points. Tesla's weak deliveries led to a 4.9% stock decline. Investors are advised to be cautious and monitor the market for buying opportunities.
Topics:businessfinance#buy-points#finance#market-analysis#stock-market-rally#tech-stocks#treasury-yields
- Dow Jones Futures: Market Holds Key Levels, Meta Eyes Buy Point; Tesla Skids On 'Unmitigated Disaster' Investor's Business Daily
- Stock market today: Dow sinks more than 400 points, yields rise to 2024 highs Yahoo Finance
- Live news: S&P 500 notches back-to-back decline with biggest one-day drop in a month Financial Times
- Tesla sales plunge far more than expected CNN
- AT&T data breach: Find out if you were affected The Associated Press
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