The stock market rally took a breather last week, with major indexes pulling back from record highs. The culprit? A sharp reversal in Nvidia, the AI chip leader, which raised concerns about the broader AI sector.
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5 things to know before the stock market opens Thursday : Rashtra News1. Stocks set to drop as Russia-Ukraine situation gets muddy again2. Walmart rises after upbeat earnings, dividend hike, buyback3. Cisco jumps, Nvidia falls, DoorDash surges following quarterly results4. There are new signs of Covid moving out of pandemic stage5. NATO accuses Russia of putting out Ukraine ‘disinformation’
Key Points:
- Nvidia’s stock price skyrocketed in recent weeks but reversed course on Friday, sparking a sell-off in other AI stocks.
- The market pullback could be an opportunity to enter leading stocks in other sectors.
- Square (SQ) and XP (XP) flashed buy signals, while DraftKings (DKNG) is consolidating.
- Keep an eye on Nvidia’s performance in the coming days to gauge the market’s direction.
What to Do Now:
- Be cautious about new buys, especially in AI stocks.
- Update your watchlists to include stocks from various sectors.
- Stay informed about market trends by reading The Big Picture daily