Small Caps Hit Hard On Economic Jitters; Alphabet, ARES, MOD In Focus
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The 10-year Treasury yield spiked by 10 basis points to 4.29% after wholesale prices came in higher than expected. February retail sales were also soft as the Nasdaq and S&P 500 marked fresh distribution days. Alphabet moved above its 50-day line; Ares Management is forming a new base; Modine Manufacturing could have a bigger pullback in store after breaking an upper channel line.
