Stocks Soar On Tame Consumer Prices; Lennar, Azek, Broadcom In Focus
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Weaker-than-expected retail sales and a palatable reading on consumer prices fueled a fresh round of buying. The 10-year Treasury yield and U.S. dollar fell sharply. Breadth wasn’t great on the Nasdaq at less than 2-to-1 positive. Winners beat losers on the NYSE by just over 2-to-1. Lennar rallied with other homebuilders, while Azek moved bullishly above its 50-day line. Broadcom rose to the top of an 11-week consolidation.
Stocks Soar On Tame Consumer Prices; Lennar, Azek, Broadcom In Focus