Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. The stock market rally struggled Wednesday as weak economic data raised recession fears for a second straight session.
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The major indexes still don’t look too bad, with the Nasdaq sliding but the Dow Jones rising.
But once again, declining stocks decisively beat winners. Once again, many of those losers fell hard. But on Wednesday, a lot of more of those big losers were leading stocks, such as On Holding (ONON), MarketAxess (MKTX) and PagerDuty (PD). C3.ai (AI) sold off for a second session, with the AI stock now staging a massive, outside week to the downside.
Others, including many chip names, declined solidly, now showing more chart damage after relatively modest retreats Tuesday.
Tesla (TSLA) skidded for a third straight day, triggering the automatic sell rule.
Megacap techs such as…
