"Tech Sell-Off: Intel, AMD, and Tesla Stocks Slide, Dow Futures Fall, and Bitcoin Jumps - Market Update"

1 min read
Source: Investor's Business Daily
"Tech Sell-Off: Intel, AMD, and Tesla Stocks Slide, Dow Futures Fall, and Bitcoin Jumps - Market Update"
Photo: Investor's Business Daily
TL;DR Summary

Dow Jones futures and major indexes dropped as China blocked the use of Intel and AMD chips in government PCs and servers, causing Intel and AMD stocks to tumble, while Tesla stock skidded on an analyst downgrade. The week ahead will see a light economic data release, with key earnings reports expected from Jefferies Financial, Paychex, Carnival, and RH. Disney, IBM, and Procter & Gamble are among the best stocks to watch, while Arista Networks, Duolingo, Dexcom, and DraftKings are in or near buy zones. Nvidia shares fell in premarket action, while Apple and Microsoft traded lower ahead of the stock market open.

Share this article

Reading Insights

Total Reads

0

Unique Readers

10

Time Saved

5 min

vs 6 min read

Condensed

90%

1,082103 words

Want the full story? Read the original article

Read on Investor's Business Daily