? Yesterday, stock indices closed lower:
- Dow Jones — down 0,5%
- S&P 500 — down 0,3%
- Nasdaq down 0.3% (experienced a “distribution day,” which may signal weakening demand)
Despite the pullback, the rally remains intact: key indices are holding above their 21-day moving averages. Today, investors are focused on the upcoming inflation data (CPI), which could set the tone for the market in the coming days.
Analysts’ forecasts:
Stocks in focus:
- Tesla (TSLA) — broke entry level 338 following Elon Musk’s announcement about launching robotaxis.
- Cisco (CSCO) — in buying zone ahead of quarterly earnings report.
- Walmart (WMT) — holding above key buy point at 100.89.
- Electronic Arts (EA) — broke out from base at 160.70.
- Tegna (TGNA) — up 30% after strong earnings report.
Trader recommendations:
⚠️ Exercise increased caution today: consider taking some profits and monitor the 21-day and 50-day moving averages closely.
The CPI release could trigger sharp market moves in either direction.
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