Market Reversal: Tech Stocks Fall, Defensive Stocks Rise

The stock market experienced a volatile week, with initial gains evaporating due to a robust jobs report. Despite strong earnings from Nvidia, the market turned negative, reflecting caution about high tech valuations. Investors favored stable stocks like Walmart, while semiconductor companies like Teradyne, Microchip Technology, and Qualcomm saw declines. This dynamic presents opportunities for investors seeking high-quality stocks during price dips.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.