Why PANW Is Sinking After Earnings

The Dow is down roughly 77 points at midday

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2/23/2021 Have you seen our volatility scorecard? Sign up by clicking here! Interest Rate Anxieties Spark Deeper Selloff for Stocks By: Lillian Currens Growing anxiety over higher interest rates has pushed many on Wall Street to take profits on February's impressive rally. The tech sector in particular is taking a big hit, causing the Nasdaq Composite (IXIC) to drop below the technically significant 50-day moving average for the first time since November. The Dow Jones Industrial Average (DJI) isn't faring much better, down roughly 77 points at midday, while the S&P 500 Index (SPX) is eyeing its sixth-straight daily loss. Fed Chair Jerome Powell's comments before Congress did little to assuage investor anxiety. The central bank leader called inflation "soft," adding that the "economy is a long way from our employment and inflation goals," indicating that the Fed will likely hold the monetary policy steady. Powell did not address, however, the recent growth in bond yields. Continue reading for more on today's market, including: Analysts brush off PANW's post-earnings plummet. Unpacking this television's stock drop after a quarterly win. Plus, option bulls eye VZ despite technical trouble; retail trading frenzy claims CTIB; and CCIV sinks on billion-dollar merger.  Share on Read More...       We're About To Release Our #1 Stock... VantagePoint's artificial intelligence forecasting predicts stock trends up to 72 hours in advance, which no other tool can offer. It's the go-to tool for the pros - when the market is about to break out - so they don't miss out on the direction. Join our LIVE online demonstration, completely free. Sponsored In Case You Missed It... Carnival Stock Careening Lower After Public Share Offering The cruise company just announced a $1 billion public share offering Macy's Stock Moves Lower Despite Upbeat 2021 Forecast The major retailer also posted a fourth-quarter earnings and revenue beat Home Depot Stock Plummets as Company Withholds 2021 Guidance The home improvement company is withholding fiscal 2021 guidance Weak Q3 Forecast Pours Cold Water on PANW Rally The cyber security company's weak current-quarter forecast is weighing on the stock this morning Want to get in on stocks that are about to skyrocket? Maximize your gains by getting in a trade before takeoff and riding it out before the downturn. For this month only, VantagePoint is offering a FREE live class to demonstrate 3 tips to trading the "new markets" in an already explosive 2021. Capitalize on potential profits now and reserve your spot today! Sponsored Want More Minute-to-Minute Updates? Ranking the most volatile stocks → Schaeffer's Volatility Scorecard Before the market opens → Opening View After the market close → Market Recap Last week's rundown → 5 Minute Market Rundown Analyzing the current market climate → Monday Morning Outlook What's on our CEO's radar this week → Chart of the Week Schaeffer's has a podcast, have you given us a listen?       ADVERTISE // CAREERS // SHOP Be sure to add us to your contacts so you don't miss out on any news! Unsure of how to do that? Follow our instructions located here. For more information about our privacy practices, please review our Privacy Policy or our Terms & Conditions. 5151 Pfeiffer Road Cincinnati, OH 45242 If you didn't create an account using this email address or no longer wish to receive these emails, please unsusbscribe here.