Posted 3/6/2024, 3:55:00 PM
Stocks Bounce Back as Fed Signals Rate Cuts, AI Shares Rally
- Dow Jones rebounds, with Fed Chairman Powell indicating interest rate cuts likely this year
- Nvidia and Super Micro Computer surge to record highs amid strength in AI stocks
- Job openings decline in January according to JOLTS report, while ADP shows job growth continuing
- Disney attempts a stock breakout, while IBM nears a buy point ahead of Wednesday's open
- Tesla stock slips as analysts cut price target; Apple and Microsoft fall following Tuesday's sell-off