Posted 3/12/2024, 12:58:04 PM
Stocks Fall on Hot Inflation Data; Oracle Surges, Southwest Sinks
- The Dow Jones Industrial Average and other major indexes reversed lower Tuesday following a hotter-than-expected inflation report.
- AI giant Oracle soared over 11% in morning trade after posting better-than-expected quarterly earnings.
- Southwest Airlines stock tumbled more than 13% after the company trimmed its capacity plans due to aircraft delivery delays.
- Disney is attempting to break out past a 112.92 buy point, while IBM is trying to clear a 196.90 entry.
- Block is adding a high handle to a cup base, taking the correct buy point to 83.29.