Posted 3/6/2024, 10:03:00 PM
Stocks Rebound but Close off Highs As Tech Rally Loses Steam
- Stock market rally rebounded Wednesday after Tuesday's tech-led sell-off, but indexes closed well off highs
- AI/chip stocks like Nvidia, AMD and Palantir continuing to hit new highs while other techs struggle
- Palantir clears buy point as it wins Army contract; Dexcom gets FDA approval for glucose monitor
- Tesla stock hits 10-month lows as delivery concerns weigh; relative strength line at 52-week low
- Bullish investor sentiment nearing concerning levels even as market resists pulling back