Nasdaq Jumps As Bond Yields Fall; Tidewater, Oceaneering, Intuit Show Strength
Aug 23, 2023
15:19
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Investors finally bought bonds, sending the 10-year Treasury yield lower by 14 bps to around 4.19%. Winners beat losers on the Nasdaq by just over 2 to 1. But the ratio was better on the NYSE at more than 3 to 1 positive. In the oil and gas sector, Tidewater and Oceaneering are finding support, along with Intuit in the technology sector.
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