Stocks Uneasy Ahead of Key Inflation and Retail Data; Bitcoin Hits Record High
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Dow Jones futures fell 0.4% vs. fair value Monday morning, with the Nasdaq down 0.5%, as bitcoin hit fresh record highs above $71,400.
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Nvidia stock continued sliding Monday, down 1.5% after last week's 5.6% drop, but shares remain up over 80% in 2022.
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The consumer price index, a key inflation gauge, will be released Tuesday, while U.S. retail sales data lands Thursday - both major economic reports.
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IBM and Duolingo are among the top stocks nearing buy points, according to IBD analysis, while Disney attempts a breakout.
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Software giants Microsoft and Apple traded mixed Monday morning; Apple snapped a seven-day losing streak on Friday but remains below its 200-day line.