I read an article about China slapping a ban on Intel (DOW) and AMD (not DOW) chips being used in government computers and systems.
I figured Intel would likely rub off on DOW big tech Apple, Microsoft and IBM … respectively they closed down 1.74%, 0.83%, 1.37% and 1.07% which no doubt had a decent footprint on the DOW’s 162 point fall. The advance/decline ratio was a low 0.3.
It also didn’t help big tech that the European Union announced the start of non-compliance investigations against Apple, Meta and Alphabet (Google).
With an expected big rise in Boeing with the CEO resigning, I settled on a mid range negative pin.
Haven’t found anything to put a hook into yet for tonight’s trading session.
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