From Investor’s Business Daily:

Stocks faced intense selling pressure as wholesale prices in February surprised investors and retail sales weakened. Nvidia and Super Micro Computer dropped even as analysts turned bullish on AI leaders. Cathie Wood’s holding soared, while bitcoin and gold fell as Treasury yields surged. The Dow Jones and S&P 500 both dropped 0.5%, with the Nasdaq sliding 0.4%. Small caps on the Russell 2000 erased gains, falling 2%. Wholesale prices rose 0.6% in February, higher than expected. Initial jobless claims fell, and retail sales rose 0.6%. Most S&P 500 sectors fell, while communications services and energy rose. Volume on NYSE and Nasdaq was higher, but decliners beat advancers 3-to-1.

In Dow Jones stocks, only five gained while others like Disney, Verizon, and Intel fell. Nvidia’s stock fell 4% despite BofA Securities raising its price target. Super Micro Computer fell 5% despite a price target hike. Cathie Wood’s ARK Invest holding, Robinhood, surged over 5%. Tesla fell nearly 4%. Lennar fell over 6%, while UiPath and SentinelOne fell below their 50-day moving average. Some stocks like Neurocrine Biosciences, Royal Caribbean, and Dexcom remained near buy points. Stay updated by following VRamakrishnan on Twitter for more stock market news.



Read more at Investor’s Business Daily: Stock Market Today: Dow Jones Slips As Nvidia And Super Micro Get Price Upgrades