Stocks Uneasy after Tesla's Weak Deliveries While Some Tech Giants Show Resilience
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Dow Jones futures little changed early Wednesday, along with S&P 500 futures and Nasdaq futures after a rough session Tuesday.
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Tesla stock tumbled on weak Q1 deliveries; Wedbush analyst calls it an "unmitigated disaster." Shares extended losses Wednesday.
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Nvidia, Meta Platforms, Uber Technologies, Eli Lilly, Salesforce showed resilience Tuesday, finding support near key levels.
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Health insurers fell sharply on lower Medicare Advantage rates for 2025, apparel stocks dropped on PVH outlook.
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Intel expects $7B operating loss in 2023 for foundry business, sales of $18.9B; losses to peak in 2024.