Stocks Cap Another Losing Week: Regeneron Flashes Buy Signals; Harmony, Builders FirstSource Set Up | Summary and Q&A

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March 11, 2022
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Investor's Business Daily
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Stocks Cap Another Losing Week: Regeneron Flashes Buy Signals; Harmony, Builders FirstSource Set Up

TL;DR

The stock market experienced a difficult week, with all major indexes showing losses. Investors need to exercise caution and wait for real strength in the market.

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Questions & Answers

Q: What were the major losses in the stock market this week?

The NASDAQ experienced a loss of 2.2%, the S&P 500 was down 1.3%, the Dow decreased by 0.7%, and the Russell 2000 saw a decline of 1.4%.

Q: Why are growth stocks struggling in the current market?

Growth stocks, including medical stocks like Regeneron, Harmony Biosciences, and Builder First Source, are struggling due to the weak market trend and inability to hold above key support levels.

Q: Is the current market situation indicative of a bear market?

Yes, the NASDAQ is currently in a bear market, as indicated by the lack of strength in the market and the inability to surpass key support levels.

Q: Are there any positive signs in the market?

Despite the overall downtrend, there are some pockets of strength in sectors like energy. However, investors need to be cautious and quick to exit these volatile areas.

Summary & Key Takeaways

  • The stock market had a miserable week, with the NASDAQ down 2.2%, the S&P 500 down 1.3%, the Dow down 0.7%, and the Russell 2000 down 1.4%.

  • Despite a glimmer of hope midweek, the market failed to follow up on strong gains, indicating a weak trend.

  • Growth stocks, including medical stocks like Regeneron, Harmony Biosciences, and Builder First Source, have been particularly affected, struggling to hold above key support levels.

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