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Market Gains Fade Ahead Of Powell; Splunk, MercadoLibre, Lantheus In Focus

Market Gains Fade Ahead Of Powell; Splunk, MercadoLibre, Lantheus In Focus

FromStock Market Today With IBD


Market Gains Fade Ahead Of Powell; Splunk, MercadoLibre, Lantheus In Focus

FromStock Market Today With IBD

ratings:
Length:
15 minutes
Released:
Mar 6, 2023
Format:
Podcast episode

Description

The major indexes started strong but finished weak ahead of two-day testimony by Fed chair Powell. The S&P 500 and Nasdaq composite remain above their 21-day moving average lines but the Dow Jones Industrial Average hit resistance at its 50-day line. But there were still pockets of strength including a move above resistance for Splunk, a flat-base breakout by MercadoLibre and a setup continuing for Lantheus.
Released:
Mar 6, 2023
Format:
Podcast episode

Titles in the series (100)

A roundup of the most compelling market action each trading day at the closing bell from Investor's Business Daily.