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Nasdaq Falls Hard As Chip Stocks Weaken; Nvidia, Eli Lilly, Tenet Healthcare In Focus

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Manage episode 429391847 series 3568872
Content provided by Investor's Business Daily. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Investor's Business Daily or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Chip stocks fell hard on reports the Biden administration is considering tougher export curbs to limit China’s access to advanced chip technology. But breadth wasn’t too bad, with losers beating winners on both exchanges by less than 2 to 1. Consumer staple stocks outperformed, along with energy, health care, financial and real estate stocks. Sellers knocked Nvidia and Eli Lilly lower, but Tenet Healthcare is trading tightly near its 10-week moving average.

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350 episodes

Artwork
iconShare
 
Manage episode 429391847 series 3568872
Content provided by Investor's Business Daily. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Investor's Business Daily or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Chip stocks fell hard on reports the Biden administration is considering tougher export curbs to limit China’s access to advanced chip technology. But breadth wasn’t too bad, with losers beating winners on both exchanges by less than 2 to 1. Consumer staple stocks outperformed, along with energy, health care, financial and real estate stocks. Sellers knocked Nvidia and Eli Lilly lower, but Tenet Healthcare is trading tightly near its 10-week moving average.

  continue reading

350 episodes

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