Stocks Pull Back After Tech Earnings, Fed Statement; RCL, TREX, MCO In Focus
Jan 31, 2024
15:22
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The Nasdaq composite suffered a rare distribution day, falling 2% in higher volume. Breadth was more than 2-to-1 negative on both exchanges. Royal Caribbean Cruises is showing uncanny strength ahead of earnings; Trex is forming a flat base while holding above its 10-week line, while Moody’s is trying to clear a flat base.
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