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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

FromStock Market Today With IBD


Indexes Skid On Hawkish Powell; Delta Air, Canadian Solar, Freeport-McMoRan In Focus

FromStock Market Today With IBD

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)

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