Stock Market Sinks As Bond Yields Spike; Vertex, KLA, MMYT In Focus
Stock Market Sinks As Bond Yields Spike; Vertex, KLA, MMYT In Focus  
Podcast: Stock Market Today With IBD
Published On: Thu Oct 12 2023
Description: Headline consumer prices were slightly hotter than expected, but core prices were in line. The 10-year Treasury yield reversed sharply higher after hitting a low of 4.53%. Published reports blamed a weak 30-year Treasury auction. The U.S. dollar also surged, fueling negative sentiment. Biotech Vertex is showing relative; KLA rallied for the sixth time in seven trading sessions; MakeMyTrip continues to hold above its 10-week line. Learn more about your ad choices. Visit megaphone.fm/adchoices