Stocks Fade Late After Powell Speech; Tesla, Zscaler, VERX In Focus
The bond market has been doing the Fed’s work for it.
Stock Market Today With IBD · Investor's Business Daily
October 19, 202317m 23s
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Show Notes
Fed Chairman Jerome Powell signaled no rush to hike rates again amid a soaring 10-year Treasury yield. WTI crude oil futures spiked above $90 a barrel amid soaring gasoline prices. Tesla sold off after reporting earnings; Zscaler reversed lower despite an upgrade and big price target hike, while small-cap software stock Vertex is still showing strength.
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