The stock market saw a modest decline on Monday, with the Dow Jones, S&P 500, and Nasdaq all showing signs of retreat after last week’s rebound. Apple, Netflix, and Pfizer all made moves based on news, while investors eagerly anticipated Tesla’s robotaxi event. Chinese stocks such as Alibaba continued to rise.
Nvidia, which was quiet in premarket trading, saw a modest rise on Monday, nearing an early entry point. The 10-year Treasury yield also rose above 4%, marking a significant milestone.
Last week, the stock market saw mixed movement, with the Dow Jones reaching a record high and the S&P 500 just below its all-time high. The Nasdaq and small caps also made gains.
Analysts had differing opinions on Apple and Netflix, with one analyst cautioning that iPhone expectations might be too high, while another upgraded Netflix due to its growth potential.
Pfizer saw a jump in its stock price after activist investor Starboard Value took a $1 billion stake in the company and pushed for changes. Chinese stocks also continued to add to their gains following policy announcements.
In the upcoming week, investors are keeping an eye on Tesla’s robotaxi event and potential stimulus measures in China. Tesla stock experienced some volatility last week but rebounded from its lows.
It’s important for investors to stay informed about market trends and individual stock movements to make informed decisions. Be sure to follow market updates and analysis to navigate the ever-changing landscape of the stock market.
