cover of episode Stock Market Sinks As Bond Yields Spike; Vertex, KLA, MMYT In Focus

Stock Market Sinks As Bond Yields Spike; Vertex, KLA, MMYT In Focus

2023/10/12
logo of podcast Stock Market Today With IBD

Stock Market Today With IBD

Shownotes Transcript

Headline consumer prices were slightly hotter than expected, but core prices were in line. The 10-year Treasury yield reversed sharply higher after hitting a low of 4.53%. Published reports blamed a weak 30-year Treasury auction. The U.S. dollar also surged, fueling negative sentiment. Biotech Vertex is showing relative; KLA rallied for the sixth time in seven trading sessions; MakeMyTrip continues to hold above its 10-week line.