• July 13, 2024

SEC To Hold Closed-Door Meeting On July 18

According to Foresight News, the U.S. Securities and Exchange Commission (SEC) is scheduled to hold a closed-door meeting on July 18. The agenda for this meeting includes discussions on solutions for enforcement actions. This has led to speculation that the regulatory body may be close to resolving its legal dispute with Ripple Labs. While the official agenda has not been disclosed, sources indicate that the meeting might cover the Ripple lawsuit and potential settlement options.

  • July 12, 2024

Tech rally could only stretch markets so far: Strategist

Stock markets (^DJI, ^IXIC, ^GSPC) are showing signs of recovery following Big Tech's worst performance day of the year. To provide insight into these market dynamics, Bespoke Investment Group co-founder Paul Hickey joins Market Domination Overtime. Hickey highlights a significant trend: the S&P 500 Equal Weight Index (^SPXEW) has underperformed the standard S&P 500 (^GSPC) index over the past six months by "one of the widest margins on record." Addressing the tech-driven rally, Hickey says: "You can only get the rubber band so stretched before it either snaps or it just comes back." He suggests that the market pullback witnessed this week represents this "snapback" effect, a natural correction to continued tech dominance. In light of these dynamics, Hickey sees opportunities for investors in small-caps or smaller names within the S&P 500. "Sometimes you want to have an answer to everything, but... the last couple of days just don't have really any parallels to what we've seen in the past," Hickey tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith

  • July 12, 2024

Stocks rebound, housing market tips: Market Domination Overtime

In today's episode of Market Domination Overtime, hosts Josh Lipton and Julie Hyman dive into the most prominent dynamics leading stocks and the US housing market. US equities (^DJI, ^IXIC, ^GSPC) are in focus as the major indexes rebound following a bad day for Big Tech stocks. Paul Hickey of Bespoke Investment Group joins to discuss the "rubber band" dynamic being created within markets. Mortgage rates are on a decline, potentially opening the door for new homebuyers. Zillow senior economist Orphe Divounguy joins to discuss everything buyers need to know from housing affordability to the best markets to shop in. This post was written by Angel Smith

  • July 12, 2024

Potential homebuyers due to see some relief in home prices

As mortgage rates begin to see some easing and housing inventory begins to recover, there may be some hope on the horizon for potential homebuyers. Zillow senior economist Orphe Divounguy joins Market Domination Overtime to give insight into the housing market, what potential homebuyers need to know, and the more affordable housing markets in the US. Divounguy elaborates on some of the good news: "We have a low 4.1% unemployment rate. The loosening in the labor market came from a big increase in labor supply as opposed to layoffs. Potential home buyers are basically seeing mortgage rates easing, and that could be helpful for the housing market going forward. You take that and you combine that with the fact that we have more inventory than we had a year ago, and those are positive signs ahead". For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino

  • July 12, 2024

The Latest Inflation Reports Are In… Here’s What You Need to Know

Federal Reserve Chairman Jerome Powell has been in the news a lot lately. Last Tuesday, Powell attended a conference panel with other central bankers in Portugal. During the panel, he said he was pleased with how inflation had resumed a downtrend following the rebound at the start of the year. But also, in his best “Fedspeak,” Powell noted that it was too soon to comment on whether the Fed might be able to lower interest rates by the end of the summer. He proceeded to say, “We’ve made a lot of p

  • July 12, 2024

Small caps on the rise as investors get out of Big Tech

The small-cap index Russell 2000 (^RUT) has begun to rise after megacap tech stocks like Tesla (TSLA) and Nvidia (NVDA) saw sell-offs after reaching new highs. The Morning Brief anchors Brad Smith and Seana Smith break down the latest developments in small-cap investor sentiments. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino

  • July 12, 2024

Goldman's year of the stock picker, bank earnings reaction : Market Domination

The trading day is just about over, but the market action never ends. Julie Hyman and Josh Lipton take investors through the finally trading hour of Friday, July 12, on this episode of Market Domination.  Barclays analyst Jason Goldberg joins the program to talk about banking industry trends potentially outlined in this morning's second quarter earnings out from JPMorgan Chase & Co. (JPM), Citigroup (C), and Wells Fargo (WFC). F/m Investments CEO Alex Morris discusses his winners and losers for REITS, or real estate investment trusts, in today's segment of Good Buy or Goodbye. Other top trending tickers on the Yahoo Finance platform include Deckers Outdoor (DECK), EVgo (EVGO), Tesla (TSLA), Royal Caribbean Cruises (RCL), and AT&T (T) and Snowflake (SNOW) after the telecom company divulged the details of major data breach from April. This post was written by Luke Carberry Mogan.

  • July 12, 2024

US Producer Price Index Rises In June

According to Odaily, the United States Producer Price Index (PPI) increased by 0.2% from the previous month and saw a year-over-year rise of 2.6%. The June PPI monthly rate was 0.2%, surpassing the expected 0.10% and improving from the previous value of -0.20%. The annual rate for June PPI stood at 2.6%, higher than the anticipated 2.30% and the prior 2.20%.