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Stocks Step Back After Fed Minutes; Loar, Monday,com, VRTX In Focus

Stocks Step Back After Fed Minutes; Loar, Monday,com, VRTX In Focus

FromStock Market Today With IBD


Stocks Step Back After Fed Minutes; Loar, Monday,com, VRTX In Focus

FromStock Market Today With IBD

ratings:
Length:
17 minutes
Released:
May 22, 2024
Format:
Podcast episode

Description

The 10-year Treasury yield rallied a bit after the minutes from the May 1 Fed meeting were released. Just after the close, the yield was trading around 4.43%, up 2 basis points. Oil and gas stocks lagged badly, along with metals and mining stocks. Loar Holdings followed through after clearing an IPO base Tuesday; Monday.com is holding gains well after gapping up on earnings; Vertex Pharmaceuticals is near the top of a shallow cup base.
Released:
May 22, 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.