Stocks Hold Firm After Inflation Data, Fed Minutes; ADBE, PSN, LII In Focus
Growth stocks performed well again.
October 11, 202317m 2s
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Show Notes
Breadth was slightly negative on the Nasdaq but slightly positive on the NYSE. The minutes from the September Fed meeting showed the majority of officials favoring one more rate hike before the end of the year. Money flowed into bonds again, sending the 10-year Treasury yield lower for a second straight session. Adobe is back above its 10-week line as it forms a good base, while Parsons and Lennox International are near buy points.
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