2 Electric Vehicle Stocks to Watch

The Dow fell roughly 473 points today

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Schaeffer's Market Recap
5/11/2021
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Major Benchmarks Log Losses Despite Big Tech Bounce


By: Fernanda Horner

Today marked another volatile session on Wall Street, as investors jumped back on the Big Tech bandwagon just hours after its massive selloff started to impact other sectors, including energy and industrials. The Dow closed with a 473-point drop, logging its worst day since Feb. 26. The S&P 500 and tech-heavy Nasdaq closed the session lower as well, despite erasing some of this morning's more substantial losses. Meanwhile, Wall Street's fear gauge -- the Cboe Volatility Index (VIX) -- moved back above the 20 mark to clock its highest close since March 11.

A mix of short covering, as well as a rush to buy the dip on stocks were the biggest contributors to today's tech comeback, stoking some of this market volatility. In other news, job openings hit a fresh record in March, though the Labor Department reported employers are struggling to fill these positions.

Continue reading for more on today's market, including:

  • TSLA and NIO moved in opposite directions today.
  • Options bears blasted Home Depot stock despite bull notes.
  • Plus, massive retailer announces spinoff; unpacking SPCE's earnings miss; and a streaming giant to buy on the dip.
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