dragged the tech-laden Nasdaq down the most. The S&P 500 joined the Nasdaq in negative territory, while value stocks helped the Dow hold on to nominal gains.
"It’s important to remember that there are other groups that can take up the baton when the high-flyers come back to earth," Detrick added.tumbled 11.4%, and the electric car maker was the heaviest drag on the S&P and the Nasdaq after a review by Reuters of an internal schedule revealed the company plans to scale back production at its Shanghai plant.Rising Treasury yields put interest rate sensitive growth stocks under pressure, a recurring theme in 2022.
"It was a bad year for stocks, but a worse year for bonds. That’s extremely rare," Detrick said. "It's an unfortunate reminder that the markets can sometimes surprise."
Don't worry, the news of shareholder repurchase will be revealed soon, and there will be a lot of short selling.😁😁😁
Time to remove that junk stock Tesla from the indexes EM is taking the whole market with him
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