BlackRock Seeks Vanguard-Style ETF Share Class
BlackRock aims at carving ETFs from mutual funds, a process engineered by rival Vanguard 24 years ago.
BlackRock aims at carving ETFs from mutual funds, a process engineered by rival Vanguard 24 years ago.
Slower growth amid sticky inflation has equity investors concerned.
The October jobs report is the last major economic release before the Federal Reserve makes its policy decision on Nov. 7.
For the fifth consecutive week, mortgage rates have moved even higher. According to the latest data out from Freddie Mac, the average 30-year fixed mortgage rate now sits at 6.72%. Yahoo Finance housing reporter Claire Boston joins Brad Smith on Wealth to speak more the latest mortgage print and what recent inflation data is indicating about the Federal Reserve's next interest rate decision. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.
Active fund managers faced mixed performance against market indexes, with most large-cap funds lagging the S&P 500.
Sector ETF report for XLF
Retail traders are dealing with a lot right now as they take in this week's tornado of Big Tech earnings while calculating any 2024 election risks, now just days away. Charles Schwab Managing Director and Head of Trading Services James Kostulias joins Seana Smith in assessing how investors are responding to Magnificent Seven earnings — Tesla (TSLA) and Alphabet (GOOG, GOOGL) have been the first to report results — and some of the risk management strategies employed ahead of the US presidential election. "I do think the valuations are perceived to be high. I think we saw some rotation into fixed income in September, as well. I also think what our survey showed is... a big delta in terms of where our traders are relative to rates," Kostulias says on investor rotations out of the tech sector, fueled by the Federal Reserve's interest rate environment. "Usually you'll see maybe a little bit of sort of back and forth on will it be a quarter, will it be zero, would it be 25, would it be 50? Our most recent survey would tell us that, you know, traders are sort of split from zero to all the way up to 100 basis points over the course of the rest of the year." These are the remaining Magnificent Seven tech names to report their latest earnings results: Meta Platforms (META) and Microsoft (MSFT) — Wednesday, October 30 Amazon (AMZN) and Apple (AAPL) — Thursday, October 31 Nvidia (NVDA) — Wednesday, November 20 To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.
As the so-called "Magnificent Seven" tech companies report their latest earnings, investors are keenly focused on understanding how their heavy investments in artificial intelligence (AI) will impact their financial results. To provide insights on this topic, Hennion & Walsh Asset Management president and chief investment officer Kevin Mahn joined Catalysts. Mahn notes that in the Big Tech earnings reports, "the focus is on AI." He explains that the need for AI-supporting infrastructure, like data centers, is driving increased demand for energy — a trend that could benefit the utilities sector (XLU). He identifies three fundamental tailwinds that could support utilities and drive growth: utilities are more defensive in nature, the sector is known for paying dividends, and utilities have become a "backdoor play into the AI revolution." Mahn advises investors to consider three specific utility names: DTE Energy Company (DTE), Duke Energy Corporation (DUK), and The Southern Company (SO). "There's more growth ahead. So look for those utilities such as the three I mentioned that do have a stake in the ground as it relates to nuclear, but also have a strong customer base, strong balance sheet, and pay good dividends," Mahn tells Yahoo Finance. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith
US pending home sales rose 7.4% month-over-month and 2.2% annually in the month of September, as reported by the National Association of Realtors (NAR). Catalysts host Seana Smith breaks down the housing print as she notes regional trends. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.
Sector ETF report for EUFN