• June 24, 2024

Nvidia down for third day, Arm joins Nasdaq 100: Market Domination Overtime

The Nasdaq Composite (^IXIC) fell by over 190 points — or almost 1.10% — in Monday's trading, as the Dow Jones Industrial Average (^DJI) leaped ahead 260 points in the session. Nvidia (NVDA) continued to fall for its third session in a row, bringing the S&P 500 (^GSPC) dow along with it. In this episode of Market Domination Overtime, Hosts Julie Hyman and Josh Lipton speak with Invesco Global Market Strategist Brian Levitt about how the market can keep rallying despite Nvidia's downturn. Arm Holdings (ARM) was added to the Nasdaq 100 (^NDX) on Monday as shares are up nearly 140% since its public debut in September 2023. Arm CEO Rene Haas joins the show to discuss this milestone and the British semiconductor company's outlook. For more expert insight and the latest market action, click here. This post was written by Nicholas Jacobino.

  • June 24, 2024

Nvidia falls for third day, S&P 500 follows: Market Takeaway

The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) fell from their record highs seen last week as Nvidia (NVDA) sank for its third session in a row, losing over 6% for the day. With Nvidia and other tech giants, holding much of the weight of the S&P, what does this mean for the future of the index? Yahoo Finance Markets Reporter Josh Schafer joins Market Domination Overtime to break down the top market takeaways for the trading day on June 24. 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

  • June 24, 2024

Federal Reserve's Daly Cautions Against Premature Rate Relaxation

According to BlockBeats, on June 25, Federal Reserve's Daly expressed the need for careful consideration to avoid prematurely relaxing interest rates or maintaining a status quo for too long. Daly's statement highlights the delicate balance central banks must maintain to ensure economic stability. The timing of interest rate changes is crucial in managing inflation and economic growth. A premature relaxation could lead to inflationary pressures, while a prolonged status quo could stifle economic growth. Therefore, Daly's cautionary stance underscores the importance of strategic decision-making in monetary policy.

  • June 24, 2024

Tech undergoing 'continued growth story' despite Nvidia drag

Nvidia's (NVDA) stock slump — down by 9% over the last five trading days — dragging down tech-heavy indexes (^DJI, ^IXIC, ^GSPC) along with it. Yahoo Finance's The Morning Brief welcomes Commonwealth Financial Network CIO Brad McMillan to talk about recent trends in the tech sector and major chip players. "When you look at the underlying trends, there are some companies coming up underneath Nvidia in the in the artificial intelligence [AI] market. But at the same time Nvidia is still amazingly dominant," McMillan explains. "So, you know a little bit of a pullback, that doesn't worry me necessarily in the short term as long as the trends remain positive and they are. And those other companies give you other opportunities going forward." McMillan also weighs in on opportunities in small-cap stocks (^RUT) and the Federal Reserve's interest rate approach to inflation. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

  • June 24, 2024

Stocks mixed at open, tech sector under pressure

It's the final trading week of June and stocks (^DJI, ^IXIC, ^GSPC) open the Monday session mixed with the Dow Jones Industrial Average leading the charge with slight gains from the get-go. Morning Brief's Madison Mills and Brad Smith monitor the movements of the major market averages, the Technology Select Sector SPDR Fund (XLK), and Russell 2000 (^RUT), while Jared Blikre provides analysis of the broader market trends seen in the tech sector. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

  • June 24, 2024

Stock Futures Are Mixed as Markets Await Next Inflation Data

U.S. stock futures were mixed early Monday after falling back at the end of last week. Contracts tied to the S&P 500 were up less than 0.1%, while futures for the technology-heavy Nasdaq Composite were falling 0.2%. On Friday, both the S&P and Nasdaq fell about 0.2%, while the Dow finished little changed.