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Plunging Rates Help Banks, Builders Boom, and What Might Be the Best Earnings Report Ever 11/3/23

45 min•3 november 2023

The 10-year Treasury yield dropped below 4.5% for the first time since September, helping fuel another rally for the stock market. Major indexes closing out their best week of the year, and it was the more interest rate-sensitive names that saw the biggest boost. Should you buy into the bounce? Plus DraftKings stock rose to their highest level in nearly two years. And one trader says there was a lot to like in its latest earnings report.

 

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