Market Slump: Dow Jones, Sensex Tumble; Tech Stocks Flash Buy Signals
Dow Jones futures rose slightly, with Adobe headlining earnings late Thursday. The stock market rally retreated due to a hot inflation report, with major indexes suffering modest losses, largely due to Microsoft, Apple, Google parent Alphabet, and Amazon.com. Market breadth was weak, with small caps hammered. Adobe earnings slightly beat views, but the software giant guided just below consensus for current-quarter revenue. Ulta Beauty earnings topped views, but the beauty retail chain guided slightly lower on 2024 EPS. Jabil stock plunged early Friday on mixed results and weak guidance. GigaCloud earnings easily beat Q4 views. Microsoft stock and Google stock flashed buy signals, while Nvidia and Tesla were notable losers. The stock market rally is pausing, with some stocks flashing buy signals but often soon pulling back, testing or undercutting the entries.
- Dow Jones Futures Fall; Microsoft, Google Flash Buy Signals; How To Handle A Sideways Market Investor's Business Daily
- Stock market today: Stocks slump after hot inflation print Yahoo Finance
- Sensex Tumbles Over 900 Points, Nifty Down 338 As Markets See Correction NDTV
- Stocks Fall As Market Looks To Fed Meeting; Nvidia, Super Micro Drop Ahead Of AI Event Investor's Business Daily
- Wall St ends down after PPI data and as chipmakers fall Reuters
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