Market Rally Has Bullish Session; Li Auto, Oracle, MercadoLibre In Focus

from Stock Market Today With IBD · host Investor's Business Daily

The major indexes rallied above their 50-day moving averages in higher volume as Treasury yields and Fed rate-hike odds fell on weak jobs data. EV startup Li Auto blasted above its 21-day line, helped by some China optimism. Oracle is right around early entries while e-commerce giant MercadoLibre made a bullish bounce. Learn more about your ad choices. Visit megaphone.fm/adchoices

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This episode was published on August 29, 2023.

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