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Stock Market Today With IBD

Stocks Fade Early Gains; Embraer, Quanta Services, TXRH In Focus

11 min • 18 april 2024

The Nasdaq composite and S&P 500 extended their losing streaks to five sessions after early gains faded. The Nasdaq held up relatively well despite an earnings sell-off for Taiwan Semiconductor. The 10-year Treasury yield added 5 basis points to around 4.64%. Embraer and Quanta Services are pulling back in constructive fashion, while Texas Roadhouse is setting up in a new base.

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