Stocks Slump After Fitch Downgrades U.S. Debt; VRTX, OLLI...

What this episode covers

A wave of selling hit the stock market Wednesday after Fitch downgraded the U.S credit rating to AA+ from AAA. The 10-year Treasury yield hit its highest level since November and sellers swarmed around leading growth stocks. Vertex Pharmaceuticals had a positive response to earnings; Ollie’s Bargain Outlet is trading tightly near highs and insurer Arthur J. Gallagher is in a buy zone. Learn more about your ad choices. Visit megaphone.fm/adchoices

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Frequently Asked Questions

How long is this episode of Stock Market Today With IBD?

This episode is 16 minutes long.

When was this Stock Market Today With IBD episode published?

This episode was published on August 2, 2023.

What is this episode about?

A wave of selling hit the stock market Wednesday after Fitch downgraded the U.S credit rating to AA+ from AAA. The 10-year Treasury yield hit its highest level since November and sellers swarmed around leading growth stocks. Vertex Pharmaceuticals...

Can I download this Stock Market Today With IBD episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.