Posted 4/15/2024, 8:23:00 PM
Stocks Slide as Tech Sells Off, Yields Surge Ahead of Big Earnings Reports
- Stock market suffered another ugly reversal on Monday with Nasdaq and S&P 500 closing below 50-day lines.
- Tesla stock plunged on layoffs, production cuts, next-gen delays, and Cybertruck order halt.
- Nvidia and Microsoft stocks fell below some key support levels, though not breaking down yet.
- VIX spiked to 2024 highs again as Treasury yields surged to fresh multi-year highs.
- Earnings season ramps up this week with Dow giants UnitedHealth, Johnson & Johnson reporting Tuesday.
