Stocks Slide Further as Big Tech Earnings Loom and Yields Remain High
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The stock market correction deepened on Monday, with the Dow, S&P 500, and Nasdaq all closing lower.
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Big tech companies like Amazon, Alphabet, Meta, and Microsoft report earnings this week, which could impact market direction.
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Watch for stocks holding up better than the broader market during the correction. Stocks like Lululemon, Arista Networks, Meta Platforms, and Salesforce are setting up potential buying opportunities.
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The 10-year Treasury yield pulled back from recent highs but remains elevated at 4.83%. Oil prices also fell, closing just under $86 per barrel.
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Upcoming economic data like Q3 GDP and inflation readings could drive more market volatility later this week.
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