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

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

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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This episode was published on August 24, 2023.

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