The stock market snapped its three-day winning streak, after it plunged on Wednesday amid President Donald Trump’s auto tariff announcement.
Overall, S&P 500 fell 1.1% to 5,712, while NASDAQ dropped 2.0% to 17,899.
Tweet of the Day
Elon Musk thinks Tesla $TSLA will one day become the most valuable company in the world due to Optimus and Robotaxi. https://t.co/5Wtp5r6puq
— David Sharek (@GrowthStockGuy) March 21, 2025
Chart of the Day
Here is the one-year chart of Confluent (CFLT) as of February 24, 2025, when the stock was at $31.
Confluent stock has been stuck in a trading range since May of 2022. That range is around $20 to $35 a share, and this recent stock market correction has taken the wind out of Confluent’s sails.
David Sharek, Founder of School of Hard Stocks, was excited about this stock last quarter after it jumped past $35 on HIGH VOLUME after the company posted earnings. Since then, the shares have settled back to $31 when these charts & tables were made a month ago.
Confluent’s business is good, but the stock cannot break out of this trading range.
CFLT was sold from our Growth Portfolio recently.
