17 min listen
Indexes Skid On Hawkish Powell; Delta Air, Canadian Solar, Freeport-McMoRan In Focus
Indexes Skid On Hawkish Powell; Delta Air, Canadian Solar, Freeport-McMoRan In Focus
ratings:
Length:
12 minutes
Released:
Mar 7, 2023
Format:
Podcast episode
Description
The major indexes fell sharply after Fed chief Jerome Powell signaled rates will go higher and faster than previously expected. The Nasdaq composite fell below its 21-day moving average while the S&P 500 tumbled through its 21-day and undercut its 50-day line. Delta Air Lines gained altitude and Canadian Solar held up on solid days for those sectors. But Freeport-McMoRan sold off as miners tumbled.
Released:
Mar 7, 2023
Format:
Podcast episode
Titles in the series (100)
Indexes Bounce But Choppy Action; Royal Caribbean, Dynatrace, Aptiv In Focus: A strong start to the day didn’t hold and volume was lacking in winners. by Stock Market Today With IBD