cover of episode Stocks Reverse Course Despite In-Line Inflation Data; FTI, LULU, MLM In Focus

Stocks Reverse Course Despite In-Line Inflation Data; FTI, LULU, MLM In Focus

2023/8/10
logo of podcast Stock Market Today With IBD

Stock Market Today With IBD

Shownotes Transcript

The Nasdaq composite jumped 1.6% during the first half hour of trading, but sellers eventually had the upper hand. The 10-year Treasury yield reversed sharply higher after hitting a low of around 3.96%. TechnipFMC is trading tightly near highs after a strong breakout; Lululemon is near the top of a lengthy consolidation, and Martin Marietta is still in a buy zone.