Stocks Mostly Lower on China Worries; Microsoft Tops Apple in Valuation
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Dow Jones futures fell modestly amid weak China economic data; Tesla cut prices in Europe after China price cuts.
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Interactive Brokers and Charles Schwab earnings were mixed; IBKR and SCHW stock reacted little.
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The stock market rally retreated Tuesday with losers easily beating winners, though chips like Nvidia rallied sharply.
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Microsoft closed with a higher valuation than Apple for the first time in 2 years at $2.9 trillion vs $2.856 trillion.
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Elastic, Samsara, Cadence Design Systems, Rambus and MercadoLibre flashed buy signals by rebounding from key levels.