Stocks Tumble As Oil, Bond Yields Rise; CDNS, AXON, BRZE Hold Up
Losers beat winners on the Nasdaq by more than 3 to 1.
October 18, 202315m 23s
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Show Notes
The 10-year Treasury yield rose above 4.90% for the first time since 2007. WTI crude oil settled at $88.32 a barrel, up 1.9%, as oil and gas stocks outperformed. Decliners beat advancers on the NYSE by 5 to 1. Cadence Design Systems is retesting a prior buy area; Axon is in a buy zone, and Braze is showing strength as it forms a new base.
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