Small Caps Jump, Techs Slump As Prices Cool; KBH, URBN, AAPL In Focus
Jul 11, 2024
13:36
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Consumer prices cooled in June which fueled more bond buying. The 10-year Treasury yield hit its lowest level since March and fell 8 basis points to around 4.20%. Despite sharp declines for the Nasdaq and S&P 500, market breadth was overwhelmingly positive. KB Home and Urban Outfitters gave buy signals, while Apple’s decline was orderly.
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