Stock Indexes Reverse Lower After Strong Start; UBER, SLB, WFRD In Focus

The 10-year Treasury yield and the U.S. dollar rallied ahead of Fed Chairman Jerome Powell’s speech in Jackson Hole Friday morning. Breadth was negative by more than 2 to 1 on both exchanges. Uber has managed to sidestep the selling, while oil and gas stocks like SLB and Weatherford are holding gains well after bullish moves.

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