Dow Jones futures and S&P 500 futures rose modestly early Wednesday, while Nasdaq futures climbed solidly. The stock market rally technically was mixed Tuesday, but tech stocks suffered significant losses. Treasury Secretary Janet Yellen late Tuesday walked back earlier comments when she said interest rates may have to rise "somewhat."
The Nasdaq tumbled intraday Tuesday to its 50-day line while the Russell 2000 closed right at that key level. Trillion-dollars stocks Apple
) and Google parent Alphabet
) sold off. So did Nvidia
) and other chip names. ServiceNow
) and other software plays fell, as did Tesla
) and other EV makers.
On the upside, steel and mining stocks such as Steel Dynamics
) generally did well. Agricultural, transportation, housing and retail groups generally held up, along with oil groups and financials such as Goldman Sachs
What do you think? Please email us any questions or comments.Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.For more information, see our Legal disclosures here.