19 min listen
Stocks Hold Firm After Inflation Data, Fed Minutes; ADBE, PSN, LII In Focus
Stocks Hold Firm After Inflation Data, Fed Minutes; ADBE, PSN, LII In Focus
ratings:
Length:
17 minutes
Released:
Oct 11, 2023
Format:
Podcast episode
Description
Breadth was slightly negative on the Nasdaq but slightly positive on the NYSE. The minutes from the September Fed meeting showed the majority of officials favoring one more rate hike before the end of the year. Money flowed into bonds again, sending the 10-year Treasury yield lower for a second straight session. Adobe is back above its 10-week line as it forms a good base, while Parsons and Lennox International are near buy points.
Released:
Oct 11, 2023
Format:
Podcast episode
Titles in the series (100)
Indexes Right At Key Levels; Monolithic Power, Oracle, C3.ai In Focus: S&P 500, Russell 2000 trade around the 50-day line. by Stock Market Today With IBD