Market Rally On The Ropes, AI Stocks Tumble: Weekly Review
The stock market rally came under more pressure, as the Nasdaq fell below its 50-day moving average. Tame inflation data failed to help, as Treasury yields rebounded. AI-related stocks such as Palantir (PLTR), Super Micro Computer (SMCI) and Datadog (DDOG) plunged on results or guidance. Novo…
#treasury #pltr #supermicrocomputer #smci #datadogddog #novonordisk #nvo #elililly #lly #novo