Stock indexes were mixed, with the nasdaq under pressure again as investors keep trimming forecasts for rate cuts. Chips also dip on export curb. Disappointing alphabet and tesla earnings have stirred up worries that big tech's power to fuel stock market gains is fading. Stock indexes were mixed, with the nasdaq under pressure again as investors keep trimming forecasts for rate cuts. In fact, nasdaq had its first consecutive days with net negative volume (up minus down) since the final days of august.
^ixic) has been a key player in stock market gains and enthusiasm over the past two years. Here's why investors were running from big tech despite a rate cut. We're acting on our investing discipline with the market entering overbought territory.
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