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