Episode 119
S&P 500, Nasdaq Pare Losses Near Key Support; MongoDB, Nvidia, SLB In Focus
Uptrend under pressure doesn’t mean the sky is falling.
Stock Market Today With IBD · Investor's Business Daily
August 8, 202317m 8s
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Show Notes
The major indexes retreated, with the S&P 500 and Nasdaq nearing their 50-day moving averages before paring losses. Many leading growth stocks suffered hefty losses, including MongoDB. But market rally leader Nvidia continues to hold strong. SLB is flirting with a buy point after a brief shakeout Tuesday morning.
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