Stocks Fade Late After Powell Speech; Tesla, Zscaler, VERX In Focus
Oct 19, 2023
17:23
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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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