Posted 12/14/2023, 3:20:00 PM
Stocks Rally on Solid Economic Data, But Some Tech Names Struggle
- Dow hits new highs as jobless claims drop, retail sales top views, but Adobe sinks on weak outlook
- Oil prices rebound, benchmark Treasury yield dips below 4% after Fed signals eventual rate cuts
- JPMorgan breaks out, Boeing moves further past buy point; Apple and Microsoft mixed
- Nvidia climbs back into buy zone; Tesla finds support at 50-day line
- Amazon holds at buy point; Booking clears handle entry; Snowflake breaks out past cup base