Stocks Mixed as Tech Slides, Growth Rebounds
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Dow futures fell slightly Monday night, along with S&P 500 and Nasdaq futures. Tesla, Boeing, and Apple are in focus among major stocks.
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The stock market rally rebounded last week after a retreat early in 2024. Leading stocks like Nvidia flashed buy signals. Microsoft is just above a buy point.
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Tesla stock extended its sell-off, breaking key support levels. Elon Musk said he may not prioritize AI at Tesla without a large stake.
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Apple is offering iPhone discounts in China amid demand concerns. Boeing faces more delays in 737 Max deliveries to China.
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Solid market gains came despite weak breadth. But tech and growth ETFs rebounded last week. Software and semiconductor ETFs jumped on rebounding mega caps.