Nasdaq Pulls Back In Orderly Fashion; Cava, Dutch Bros, Robinhood In Focus
Breadth was weak for the second straight session.
May 29, 202415m 42s
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Show Notes
The Nasdaq pared losses while the S&P 500 traded in a tight range and closed comfortably above its 21-day line. Losers beat winners on the NYSE by more than 5-to-1; the ratio was nearly 3-to-1 negative on the Nasdaq. Cava reversed higher after falling nearly 10% intraday; Dutch Bros is back in rally mode after some post-earnings softness; Robinhood is back in a buy zone after the company announced a big share buyback.
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