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Stock Market Sinks As Bond Yields Spike; Vertex, KLA, MMYT In Focus

Stock Market Sinks As Bond Yields Spike; Vertex, KLA, MMYT In Focus

FromStock Market Today With IBD


Stock Market Sinks As Bond Yields Spike; Vertex, KLA, MMYT In Focus

FromStock Market Today With IBD

ratings:
Length:
14 minutes
Released:
Oct 12, 2023
Format:
Podcast episode

Description

Headline consumer prices were slightly hotter than expected, but core prices were in line. The 10-year Treasury yield reversed sharply higher after hitting a low of 4.53%. Published reports blamed a weak 30-year Treasury auction. The U.S. dollar also surged, fueling negative sentiment. Biotech Vertex is showing relative; KLA rallied for the sixth time in seven trading sessions; MakeMyTrip continues to hold above its 10-week line.
Released:
Oct 12, 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.