cover of episode Nasdaq Holds Firm Despite Hawkish Fed Statement; Steris, Stryker, Merit Medical Systems In Focus

Nasdaq Holds Firm Despite Hawkish Fed Statement; Steris, Stryker, Merit Medical Systems In Focus

2023/6/14
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Stock Market Today With IBD

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Shownotes Transcript

Stocks recovered off lows even after the Federal Reserve raised its year-end fed funds rate forecast to 5.6%. Small caps lagged, but buyers lifted the Nasdaq and S&P 500 well off lows by the close. UnitedHealth Group weighed on the Dow, but bad news from the health insurer was good news for healthcare stocks like Steris, Stryker and Merit Medical Systems.