Episode 76
Nasdaq Holds Firm Despite Hawkish Fed Statement; Steris, Stryker, Merit Medical Systems In Focus
The Fed now sees two more rate hikes before the end of the year.
June 14, 202317m 22s
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Show Notes
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.
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