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May 31st Stock Market Update - What a recovery for the Dow as rotation begins

May 31st Stock Market Update - What a recovery for the Dow as rotation begins

$INSP $ESTC $MQ

Mukund Mohan
May 31, 2024

Market

"The Dow went from down 200 points to up over 570 points today as rotation into safe bets away from technology began. I wont personally bet on technology stocks going a lot lower. Many are getting to good level for long term buys “ 🤤 😏

Strong recovery by all indices today. Great moves back to positive from a hopeless point

The NASDAQ and S&P500 staged a dramatic comeback as did the Dow to close the week at a much better spot that would have been. Thanks to healthcare and energy stocks.

Look at the dramatic improvement in all indices in the last hour of Friday

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For the week $CRM and many SaaS companies the technology sector took a beating

I think the market moves higher next week based on and end to earnings with no major negative news. Many good stocks which have beaten down come right back up.