The rotation from technology to value that saw the NASDAQ lose 4.4% last week continued into trading today with the NASDAQ shedding another 2.5% while the 30 stock Dow finished with a small gain. Tech has been leading the way for most of the pandemic, but the recent move higher in interest rates in giving traders pause.
At the close:
In corporate news shares of Boeing were 3% lower after the engine malfunction that occurred over the weekend in Denver as United grounds their other Boeing 777 jets for inspection. Kohls rallied 10% before closing with a gain of 7% after a group of activists took a stake in the company. Tesla opened lower at dropped 9% which may be related to their large stake in Bitcoin which had a volatile day.
Stocks dropped for a second straight day, with every major...
The Nasdaq ended a wild trading day flat after a...
Stocks closed negative today, with technology stocks under more pressure...
April is traditionally one of the better months for the...
Both January and February began with nice rallies and it...
February is historically the only month of the year with...
