Dow Topper Sells Off as Inflation Fears Rise and Bitcoin Stalls

The Dow's top stock is seeing smart money sell off its shares, while investors are keeping an eye on inflation indicators hidden in producer price indexes. Meanwhile, Applied Materials' upcoming earnings will provide a key look at AI technology.

According to Benzinga, the 'Magnificent Seven' stocks - Amazon (AMZN), Tesla (TSLA), and others - have seen significant money flows in the early trade. In Amazon, money flows are neutral, while in Tesla, they are negative. The SPY and QQQ ETFs also saw money flows analyzed by investors.

The article mentions that Bitcoin is currently range-bound. Benzinga recommends considering holding existing positions and adding tactical ones based on signals.