Investors optimistic as tech stocks lead sixth straight day of market rally.
TL;DR Summary
The stock market rally continued with strong gains, led by Microsoft, Apple, and Meta Platforms. However, the risks of a market pullback raise concerns for new buys in the short run, as the Nasdaq and Nasdaq 100 look increasingly extended, with the S&P 500 also starting to look stretched. Adobe rose on strong results and earnings guidance, while Cava surged 99% in its debut. Investors are advised to exercise patience and wait for a market pullback to create safer buying opportunities in new stocks or adding to existing holdings.
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