Tech Stocks Slump Ahead Of Key Inflation Report; VAL, PCAR, IBKR In Focus
Sellers came into the market during the final half hour of trading.
Stock Market Today With IBD · Investor's Business Daily
August 9, 202311m 8s
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Show Notes
Several leading growth stocks fell hard again, weighing on the Nasdaq composite, which closed below its 50-day moving average for the first time since January. Oil and gas stocks outperformed again, including oil driller Valaris. Truck maker Paccar is in an alternate buy zone, while Interactive Brokers is near the top of a 21-week consolidation.
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