"Market Rally Stumbles as Fed Signals Upside Risks; Earnings Movers and Inflation Fears Shake Stocks"

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Source: Investor's Business Daily
"Market Rally Stumbles as Fed Signals Upside Risks; Earnings Movers and Inflation Fears Shake Stocks"
Photo: Investor's Business Daily
TL;DR Summary

Dow Jones futures, S&P 500 futures, and Nasdaq futures rose on Thursday on hopes of stimulus measures in China. However, concerns over rising yields persisted. The stock market rally experienced losses, with the Nasdaq falling below its 50-day line. Nvidia stock reversed lower despite positive analyst sentiment, while Tesla stock continued to decline due to margin-killing price cuts. Investors are advised to be cautious as major indexes break support and leading stocks show signs of damage.

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