Stocks Fade Late After Powell Speech; Tesla, Zscaler, VERX In Focus | Stock Market Today

Stocks Fade Late After Powell Speech; Tesla, Zscaler, VERX In Focus | Stock Market Today

2,914 View

Fed Chairman Jerome Powell signaled no rush to hike rates again amid a soaring 10-year Treasury yield. WTI crude oil futures spiked above $90 a barrel amid soaring gasoline prices. Tesla sold off after reporting earnings; Zscaler reversed lower despite an upgrade and big price target hike, while small-cap software stock Vertex is still showing strength.

Stock Market Today: October 19, 2023
Hosts: Alissa Coram & Ken Shreve

Get more IBD by subscribing to our channel: https://bit.ly/3OqppAs

Visit our website: https://www.investors.com
Like us on Facebook: https://www.facebook.com/investorsbusinessdaily
Follow us on Twitter: https://twitter.com/IBDinvestors
Follow us on Instagram: https://www.instagram.com/investorsbusinessdaily/
Follow us on StockTwits: https://stocktwits.com/InvestorsBusinessdaily
Follow us on LinkedIn: https://www.linkedin.com/company/investors-business-daily
Follow us on TikTok: https://www.tiktok.com/@ibdinvestors

Investor’s Business Daily has been helping people invest smarter results by providing exclusive stock lists, investing data, stock market research, education and the latest financial and business news to help investors make more money in the stock market.

#StockMarketToday #InvestorsBusinessDaily #IBD