"Unity Software Leads Market Rally Despite Rate Hike Concerns"

The stock market rally rebounded from near their 21-day exponential moving averages, along with megacaps Tesla (TSLA) and Nvidia (NVDA). United Airlines (UAL), American Airlines (AAL), FedEx (FDX), Amkor Technology (AMKR) and On Holding (ONON) all cleared buy points. The Biden administration is considering new restrictions on exports of artificial intelligence chips, which could halt AI chip shipments by Nvidia and others to China and other countries of concern without first obtaining a license. The stock market rally had a clearly bullish session, with strong breadth and a number of stocks flashing buy signals.