EPISODE · Mar 7, 2023 · 12 MIN
Indexes Skid On Hawkish Powell; Delta Air, Canadian Solar, Freeport-McMoRan In Focus
from Stock Market Today With IBD · host Investor's Business Daily
The major indexes fell sharply after Fed chief Jerome Powell signaled rates will go higher and faster than previously expected. The Nasdaq composite fell below its 21-day moving average while the S&P 500 tumbled through its 21-day and undercut its 50-day line. Delta Air Lines gained altitude and Canadian Solar held up on solid days for those sectors. But Freeport-McMoRan sold off as miners tumbled. Learn more about your ad choices. Visit megaphone.fm/adchoices
What this episode covers
The major indexes fell sharply after Fed chief Jerome Powell signaled rates will go higher and faster than previously expected. The Nasdaq composite fell below its 21-day moving average while the S&P 500 tumbled through its 21-day and undercut its 50-day line. Delta Air Lines gained altitude and Canadian Solar held up on solid days for those sectors. But Freeport-McMoRan sold off as miners tumbled. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Indexes Skid On Hawkish Powell; Delta Air, Canadian Solar, Freeport-McMoRan In Focus
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