Stock Market Sinks As Bond Yields Spike; Vertex, KLA, MMYT In Focus
Breadth on the NYSE was 5 to 1 negative.
Stock Market Today With IBD · Investor's Business Daily
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Show Notes
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.
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