Market Correction Looms: Is Tesla the Next to Fall?

The stock market experienced a correction last week as Treasury yields surged due to a hawkish Fed rate-hike outlook. Major indexes broke key support levels, and leading stocks suffered significant damage. While some stocks like Meta Platforms, FedEx, General Electric, Costco Wholesale, Li Auto, Arista Networks, Vertex Pharmaceuticals, Synopsys, and CrowdStrike held up relatively well, they may not be actionable in a strong bull market. Dow Jones futures, S&P 500 futures, and Nasdaq futures will open on Sunday evening. The market correction is ongoing, and it is not advisable to make new buys at this time.