Stocks Slide as China Bans Intel, AMD Chips; Tesla Downgraded, Key Economic Data Ahead
• Dow Jones futures dropped as Intel and AMD sold off on China blocking use of their chips; Tesla stock slid on downgrade
• Tesla shares lost 1.2% after Mizuho Securities downgraded to neutral from buy and lowered price target
• Spotlighted economic data this week Personal Consumption Expenditures price index on Friday; new home sales on Monday
• Arista Networks, Duolingo, Dexcom, and DraftKings are among best stocks to watch
• Nvidia, Apple, and Microsoft among Magnificent Seven stocks - Nvidia rose, while Apple and Microsoft fell Monday morning