Posted 3/15/2024, 3:05:00 PM
Stocks Mixed as Dow Drops on Weak Data While Tesla, Nvidia See Demand
- The Dow Jones fell 150 points Friday on weak economic data, with software stock Adobe plunging 14% on earnings.
- Cathie Wood's Ark Invest ETFs snapped up over $35 million worth of Tesla shares on Thursday.
- The Dow and S&P 500 both posted a fifth distribution day amid Thursday's market weakness.
- Top stocks like Duolingo, Dexcom, Block, and XP are flashing buy signals, while Disney and IBM battle resistance.
- Nvidia and Microsoft declined Friday, though the latter hit new highs on Thursday after finding support.