Tesla, Apple, Nvidia Lead Market Pullback Amid Key Index Challenges

Key Highlights:

• Dow Jones Futures: Up 0.1% overnight; S&P 500 and Nasdaq futures gained 0.2%.
• Major Indexes: Nasdaq fell below key levels; S&P 500 hit resistance at the 50-day line.
• Top Movers: Nvidia (-1.9%), Apple (-4%), Tesla (-3.4%) decline, impacting indexes.
• Chinese Data: Strong GDP and industrial production figures support market optimism.

Market Overview:

After a strong rally, U.S. markets retreated Thursday. The S&P 500 dipped 0.2%, meeting resistance at the 50-day line, while the Nasdaq Composite dropped 0.9%, falling below its 21-day and 50-day moving averages. The Dow Jones Industrial Average edged down 0.2%.

In contrast, small caps and equal-weight ETFs showed resilience, with the Russell 2000 rising 0.15% and the Invesco S&P 500 Equal Weight ETF gaining 0.8%.

Sector and Stock Highlights:

1. Tech Giants:
   • Nvidia (NVDA): Fell 1.9% after nearing its 50-day line.
   • Apple (AAPL): Declined 4%, hitting its lowest levels since November due to weak iPhone sales in China.
   • Tesla (TSLA): Dropped 3.4% but held above the 21-day line after a strong 8% rally Wednesday.
2. Semiconductors:
   • Taiwan Semiconductor (TSM): Rose on strong earnings and AI chip demand, entering a buy zone.
3. Energy and Industrials:
   • Energy Transfer (ET) and Quanta Services (PWR) gained, reflecting strength in energy and infrastructure sectors.

Chinese Economic Data: China reported stronger-than-expected Q4 GDP growth of 5.4%, driven by higher retail sales (+3.7%) and industrial production (+6.2%). This bolstered global sentiment despite U.S. market volatility.

Treasury Yields and Commodities:

• 10-Year Treasury Yield: Fell to 4.61%, easing from a 52-week high earlier this week.
• Crude Oil: Declined 1.7% to $78.68 per barrel.

Investor Outlook: The market remains at a critical juncture, with indexes near key technical levels. Investors are advised to stay cautious, update watchlists, and monitor breakout opportunities.

Upcoming Focus:

• Earnings from key players.
• Continued analysis of market strength beyond major indexes.

Disclaimer: This content is for informational purposes only. Always conduct your own research before investing.