12 min listen
Stocks Head Lower After CPI Report; Axon, ARES, CAVA In Focus
Stocks Head Lower After CPI Report; Axon, ARES, CAVA In Focus
ratings:
Length:
13 minutes
Released:
Apr 10, 2024
Format:
Podcast episode
Description
Sellers hit stocks hard after core consumer prices on a year-over-year basis came in hotter than expected for the fourth straight month. The 10-year Treasury spiked 19 basis points to 4.56%. Declining stocks outnumbered advancers on the Nasdaq by nearly 4-to-1, but buyers lifted the index off lows by the close. Axon and Ares Management are both forming flat bases, while Cava is in an alternate buy zone.
Released:
Apr 10, 2024
Format:
Podcast episode
Titles in the series (100)
Indexes Rebound Bullishly; Salesforce, Aehr Test Systems, Dexcom Are Big Movers: S&P 500, Nasdaq rebound, shrugging off hot yields. by Stock Market Today With IBD