cover of episode Stocks Jump As Consumer Prices Cool; Cava, MPWR, SHOP Show Strength

Stocks Jump As Consumer Prices Cool; Cava, MPWR, SHOP Show Strength

2023/7/12
logo of podcast Stock Market Today With IBD

Stock Market Today With IBD

Shownotes Transcript

Consumer prices rose less than expected in June, fueling another stock market rally. Investors bought bonds, sending the 10-year Treasury yield sharply lower. The U.S. dollar extended losses. Cava soared to a new high after its IPO last month, while Monolithic Power Systems and Shopify gave buy signals.