Market Retreats as Tech and Fed Policy Weigh on Dow Jones and NASDAQ

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Source: Investor's Business Daily
Market Retreats as Tech and Fed Policy Weigh on Dow Jones and NASDAQ
Photo: Investor's Business Daily
TL;DR Summary

The stock market rally pulled back on Wednesday, with the Nasdaq leading the decline. KB Home reported late. Meanwhile, Nvidia and Tesla retreated after powering higher Tuesday. Advanced Micro Devices and Google parent Alphabet broke below a key level, while turbocharged artificial intelligence plays Palantir Technologies and AI stock tumbled. In hot tech and growth sectors, investors should be watching the leaders to see which ones hold up the best during the nascent pullback. Chipotle Mexican Grill flashed buy signals Wednesday.

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