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ALISSA CORAM

Stocks Step Back After Fed Minutes; Loar, Monday.com, VRTX In Focus

US Federal Reserve IPO Mining Oil

The 10-year Treasury yield rallied a bit after the minutes from the May 1 Fed meeting were released. Just after the close, the yield was trading around 4.43%, up 2 basis points. Oil and gas stocks lagged badly, along with metals and mining stocks. Loar Holdings followed through after clearing an IPO base Tuesday, while Monday.com is holding gains well after gapping up on earnings. Vertex Pharmaceuticals is near the top of a shallow cup base.

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One subscription that gives you access to news from hundreds of sites

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