Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Stocks Head Lower After CPI Report; Axon, ARES, CAVA In Focus

Stocks Head Lower After CPI Report; Axon, ARES, CAVA In Focus

FromStock Market Today With IBD


Stocks Head Lower After CPI Report; Axon, ARES, CAVA In Focus

FromStock Market Today With IBD

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)

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