Season 1 · Episode 1
Small Caps Jump, Techs Slump As Prices Cool; KBH, URBN, AAPL In Focus
Homebuilders soared as interest rates fell, but chip stocks lagged
Stock Market Today With IBD · Investor's Business Daily
July 11, 202413m 36s
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Show Notes
Consumer prices cooled in June which fueled more bond buying. The 10-year Treasury yield hit its lowest level since March and fell 8 basis points to around 4.20%. Despite sharp declines for the Nasdaq and S&P 500, market breadth was overwhelmingly positive. KB Home and Urban Outfitters gave buy signals, while Apple’s decline was orderly.
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