Stocks open little changed as investors await March inflation report: Live updates

  • 📰 CNBC
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 72%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Two key economic data points weigh on the minds of investors this week: the latest consumer price index and the producer price index readings.

Chip stocks are 'vulnerable' after rallying 30% to start the year, BTIG's Krinsky says

Semiconductor stocks are "vulnerable" to a downturn after rallying more than 30% in the first quarter, BTIG technical analyst Jonathan Krinsky wrote in a note to clients April 10. Krinsky said that two weeks ago, in late March, he thought that "the clock was ticking for technology broadly, and that tech stocks would ultimately 'catch-down' to many other parts of the market, which would be a negative for the [S&P 500]. We think we are starting to see the negative divergences find their way into tech stocks, including semiconductors," he wrote.

"In both absolute and relative terms, semis look vulnerable after a potential false breakout above resistance, [and] a potential uptrend break," the BTIG report said.All of which bodes poorly for the Nasdaq Composite. In 2022, BTIG said the Nasdaq-100 Index dropped 2.5% or more on 29 occasions — which hasn't happened once in 2023. "[D]ownside volatility for the Nasdaq is likely to reassert itself over the coming weeks," Krinsky wrote.U.S. natural gas futures rose 8.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Auto, realty stocks power Indian shares ahead of March quarter earningsIndian shares advanced on Monday, aided by auto and realty stocks following strong quarterly business updates, but rising odds of a U.S. Federal Reserve rate hike in May capped gains.
Fonte: Reuters - 🏆 2. / 97 Consulte Mais informação »

Stock Market Today: What to WatchStock futures were little changed after Friday's jobs report. Follow the latest markets updates. Could be because the markets were closed Friday.
Fonte: WSJ - 🏆 98. / 63 Consulte Mais informação »

Stock Market Today: Dow Futures Edge Up; Bitcoin RalliesLive updates on stocks and financial news, including the S&P 500, Dow and Nasdaq Composite. Some colluding governments and central banks and their gambling industry at it again, some of them should IMO be in jail. But t some point their self-serving contrived bubble will pop and hopefully many of them will get wiped out.
Fonte: WSJ - 🏆 98. / 63 Consulte Mais informação »