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The market rally sold off hard Thursday as bond yields soared on Fed chief Jerome Powell. Tesla stock is key for growth plays.

We're finally getting a long-overdue deeper pullback against this relentless up-trending market but how far should we be looking?

(Bloomberg) -- Broadcom Inc. shares fell after the company’s main chip division reported revenue that just missed Wall Street estimates.The San Jose, California-based company supplies Apple Inc. and the latest iPhone models have sold well in recent months. That raised expectations ahead of Broadcom’s results.Semiconductor solutions revenue came in at $4.91 billion in the fiscal first quarter. Analysts were looking for $4.93 billion, according to data compiled by Bloomberg.Broadcom dropped 3.4% in extended trading, after closing at $443.59 earlier in New York.Revenue in the three months ending April will be about $6.5 billion, the company also said in a statement. That compares with an average analyst estimate of $6.33 billion.Broadcom is one of the world’s largest chipmakers with businesses spanning smartphone parts, key components of networking equipment and semiconductors that run home Wi-Fi gear and set-top boxes. That reach, which also includes mainframe and security software, makes its projections an indicator of future demand for major technology companies such as Apple, Samsung Electronics Co. and Google.The San Jose, California-based company outsources some of the production of its biggest and most complex chips to Taiwan Semiconductor Manufacturing Co. That company and its peers are working flat out to keep up with booming demand, and shortages have appeared in some markets, particularly automotive chips.Net revenue in the fiscal first quarter rose 14% to $6.66 billion, the company said. Before certain items, profit was $6.61 a share. Analysts estimated a profit of $6.57 a share on revenue of $6.62 billion.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

The Dow Jones Industrial Average slid from record highs at the end of February, as the current stock market pullback continues. The best Dow Jones stocks to buy and watch in March 2021 are Apple, Disney, Microsoft and Visa.

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The market rally suffered decisive losses Thursday on Fed chief Jerome Powell comments. Tesla is key for growth stocks.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips What did the stock market do today? Investors watched a painful selloff and Fed Chair Jerome Powell sparked inflationary fears. The post What Did the Stock Market Do Today? 3 Big Stories to Catch Up On. appeared first on InvestorPlace. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn’t matter if you have $500 in savings or $5 million. Do this now. Top Stock Picker Reveals His Next Potential 500% Winner Stock Prodigy Who Found NIO at $2… Says Buy THIS Now

Apple's (NASDAQ: AAPL) App Store is attracting more controversy. On Thursday the Competition and Markets Authority (CMA), an antitrust arm of the U.K. government, disclosed that it has launched an investigation into the U.S. tech giant's business practices with the online store. In other jurisdictions, such as the U.S., Apple has come under fire for the way it partners with developers in that marketplace.

Square stock dipped after the payment firm said it would acquire rapper Jay-Z's Tidal streaming service for $297 million in cash and stock. Tidal has struggled against Spotify and Apple.

Goldman Sachs said Thursday it is joining other major U.S. banks in committing to align its financing activities with a net-zero emissions pathway by 2050 and set interim targets by the end of 2021.

Social media to the contrary, the stock market is far from “crash” territory, as anyone with a working memory of last year's pandemic-inspired selloff would recall. But a rotation away from the market's recent leaders does appear to be under way.

Trading Options on the Reddit/Robinhoood Stocks Requires Discipline

InvestorPlace - Stock Market News, Stock Advice & Trading Tips BlackBerry is poised to generate a meaningful amount of money from its upcoming auto app store, IVY. That will certainly help lift BB stock. The post Improved Sentiment and Auto App Store Will Lift BlackBerry Stock appeared first on InvestorPlace. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn’t matter if you have $500 in savings or $5 million. Do this now. Top Stock Picker Reveals His Next Potential 500% Winner Stock Prodigy Who Found NIO at $2… Says Buy THIS Now

Energy giant Chevron (NYSE: CVX) is joining with oil services company Schlumberger (NYSE: SLB) and Microsoft (NASDAQ: MSFT) to work with green power company Clean Energy Systems for a new bioenergy project in California. The companies say it will "convert agricultural waste biomass, such as almond trees, into a renewable synthesis gas that will be mixed with oxygen in a combustor to generate electricity." More than 99% of carbon from the process will be captured and permanently sequestered by injecting carbon dioxide (CO2) underground into nearby deep geologic formations.

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The Dow Jones Industrial Average reversed lower after Fed Chief Powell's speech, as the 10-year Treasury yield jumped Thursday. Tesla stock dived 5%.

Peloton's red-hot stock has hit the brakes.

Chevron Corp. is partnering with Microsoft Corp, oilfield services firm Schlumberger NV and privately held Clean Energy Systems to build a carbon capture plant in California.

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InvestorPlace - Stock Market News, Stock Advice & Trading Tips As 5G reaches broader adoption, here are 4 5G stocks to buy for their great growth potential in the coming years. The post 4 5G Stocks Poised for Big Growth in the Next Five Years appeared first on InvestorPlace. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn’t matter if you have $500 in savings or $5 million. Do this now. Top Stock Picker Reveals His Next Potential 500% Winner Stock Prodigy Who Found NIO at $2… Says Buy THIS Now

(Bloomberg) -- U.K. antitrust authorities opened a probe into Apple Inc’s app payment rules, adding to a slew of global probes examining the control the iPhone maker holds over app developers.The Competition and Markets Authority said it will focus on how Apple forces customers to use its own payment system for in-app purchases and will weigh the company’s potentially “dominant” position in the supply of apps on iPhones and iPads.“Complaints that Apple is using its market position to set terms which are unfair or may restrict competition and choice -– potentially causing customers to lose out when buying and using apps -– warrant careful scrutiny,” said Andrea Coscelli, who leads the CMA.The probe adds to growing U.S. and EU antitrust scrutiny of Apple’s rules that require apps to use its own in-app payment system. The EU is readying an escalation of its case, people with knowledge of the probe said on Thursday. Apple’s control of payments allows it to enforce a subscription fee of up to 30% for some subscription fees. The Dutch competition authority is also examining phone payments.The investigation was partially prompted by concerns from developers, the CMA said. Epic Games Inc., the maker of the Fortnite battle game, is suing Apple in the U.S. and Australia over the issue and recently lost an attempt to pursue legal action against the Apple app stores at the U.K.’s antitrust tribunal.The Apple probe comes as the U.K. watchdog seeks to move to the forefront of tech regulation after emerging from the shadow of European Union regulators at the end of Britain’s Brexit transition. It is preparing to set up a tech-focused unit and has warned that the largest companies will face extra scrutiny of everything from mergers to monopoly behavior.Apple said in a statement that it looks forward to working with the CMA to “to explain how our guidelines for privacy, security and content have made the App Store a trusted marketplace for both consumers and developers.”The investigation “shows the impact of Brexit,” said Damien Geradin, a lawyer representing some of the developers that filed complaints. “It gives a lot of freedom to the CMA, which now doesn’t need authorization” from the EU, he said.Geradin said that while the CMA probe was likely to focus on in-app purchases, the regulators may broaden the scope to consider issues such as why Apple only allows one app store on its devices.(Updates with detail of EU escalation in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Slack is expected to report Q4 EPS of (3c) on revenue of $239.41M.

Cryptocurrency prices are soaring, and NVIDIA's (NASDAQ: NVDA) gaming segment is booming. The last time this scenario occurred was in 2018, when surging digital currencies boosted the demand for high-end graphics cards by crypto miners. When the bubble popped, NVIDIA's gaming segment suffered an oversupply of chips, causing sales of graphics cards, and the chip maker's stock price, to fall sharply.

Apple Inc. (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co., Ltd. (OTC: HNHPF) is riding on the momentum imparted by the strong uptake of the latest iPhone iteration as well as surging demand for consumer electronics. What Happened: Hon Hai, popularly known as Foxconn, said it expects first-quarter revenues to increase more than 15% year-over-year, Reuters reported, citing a statement from the company. In the fourth quarter, the company reported 15.5% year-over-year revenue growth to 2 trillion New Taiwanese dollars. Revenues primarily include contributions from its consumer electronics business, comprising smartphones and smartwatches. Related Link: Fiat Chrysler In Talks With Apple Supplier Foxconn To Make EVs In China Revenues from cloud and computing products are expected to rise about 10%, the company said. In a statement, Foxconn said Thursday its consolidated revenues for February increased 84.81% year-over-year to 401.89 billion New Taiwanese dollars ($14.44 billion). Month-over-month, revenues were down 19.66%. Cumulative revenues for the Jan-Feb period were at 902.11 billion New Taiwanese dollars, up 55% from the same period last year. Why It's Important: Foxconn's performance can be considered a leading indicator for iPhone demand, and therefore its positive outlook for the first quarter bodes well for Apple. The tech giant is expected to report another blockbuster quarter following a strong showing in its seasonally strong December quarter. Foxconn has recently shifted its focus to the EV sector and has struck multiple partnerships with the likes of Fisker Inc. (NASDAQ: FSR) and Geely Automobile Holdings Limited (OTC: GELYF). Related Link: Potential Partners For An Apple Car Grow In Number, With Nissan The Latest To Express Interest (Photo: Shiwa ID via Unsplash) See more from BenzingaClick here for options trades from BenzingaFisker Joins Hands With Foxconn For Second EV Model: What You Need To KnowChina EV Updates: Nio Tests New Power Swap Station, XPeng's Travel Statistics, Geely, Baidu Make Progress On JV, Xiaomi Downplays Rumors© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.