cover of episode Powell Comments Can't Keep Market Indexes Down; AMD, JFrog, Expedia In Focus

Powell Comments Can't Keep Market Indexes Down; AMD, JFrog, Expedia In Focus

2024/2/5
logo of podcast Stock Market Today With IBD

Stock Market Today With IBD

Shownotes Transcript

Fed Chair Powell gave a rare interview on “60 Minutes” reiterating a slow move towards rate cuts. While the market slumped early, it just refuses to stay down. Many of the leaders are extended but there are still a few that are actionable. Advanced Micro Devices formed a recent three-weeks-tight pattern that’s worth watching. JFrog broke out of a flat base today. Expedia is forming a very shallow flat base ahead of its earnings report on Thursday.