Posted 4/2/2024, 2:52:00 PM
Stocks Fall as Tesla Plunges, Chipmakers Decline Despite Upbeat Views
- The Dow Jones Industrial Average fell 1% amid a broad market decline, with the Nasdaq and Russell 2000 also falling over 1%.
- Cathie Wood's Ark Invest bought more Tesla shares, but the stock plunged over 5% on disappointing delivery numbers.
- Chipmakers Nvidia and AMD fell despite bullish analyst calls. Healthcare stocks sold off on lower-than-expected Medicare Advantage rate increases.
- Badger Meter, Republic Services, and TJX were trying to hold support near recent buy points amid the market weakness.
- Ten stocks are pulling back bullishly, with strong earnings and institutional support, and could present buying opportunities.