Nasdaq Holds Firm Despite Hawkish Fed Statement; Steris, Stryker, Merit Medical Systems In Focus
Podcast: Stock Market Today With IBDPublished On: Wed Jun 14 2023
Description: Stocks recovered off lows even after the Federal Reserve raised its year-end fed funds rate forecast to 5.6%. Small caps lagged, but buyers lifted the Nasdaq and S&P 500 well off lows by the close. UnitedHealth Group weighed on the Dow, but bad news from the health insurer was good news for healthcare stocks like Steris, Stryker and Merit Medical Systems. Learn more about your ad choices. Visit megaphone.fm/adchoices
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