Big Tech weakness weighed on the Nasdaq today
| 3/24/2021 | | Have you seen our volatility scorecard? Sign up by clicking here! | Dow, S&P 500 Pivot Lower in Final Hour of Trading | By: Patrick Martin | Fresh off its worst session in three weeks, the Dow gave back modest gains in the last minute to finish lower. "Reopening" stocks led the initial charge, though the blue-chip index and S&P 500 pivoted sharply from their session highs in late-afternoon trading, to both finish marginally in the red. Elsewhere, the Nasdaq also logged a day in the red, as Big Tech names like Apple (AAPL) and Microsoft (MSFT) underperformed. Wall Street's "fear gauge," the Cboe Volatility Index (VIX), logged back-to-back wins for the first time since March 4, as the global tally of coronavirus cases crosses 124 million. Continue reading for more on today's market, including: - Signal says UnitedHealth stock has room to run.
- This restaurant stock is an intriguing contrarian pick.
- Plus, GIS' rough day; call traders play Adobe earnings; and a bank stock gets an overdue bull note.
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