The stock market is giving me whiplash.
The Nasdaq Composite cut its sharp 1% decline in half and was briefly near breakeven in afternoon trading. The S&P 500 is flat after posting a slight gain that would be enough to build on yesterday’s record close. The Dow is up 120 points, or 0.3%.
Some traders opted to sell highflying tech stocks like Palantir and Nvidia shortly after the open. The move looks like an attempt to take profits ahead of a potentially risky stretch of earnings reports beginning with Tesla and Alphabet after tomorrow’s close. At least some on Wall Street saw that as a chance to buy the dip.
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