-- Gold prices steadied in Asian trade on Monday as traders awaited more cues on U.S. interest rates from a string of Federal Reserve speakers this week, while bets on a November cut persisted.
Wall Street strategists believe there could be further gains ahead for the S&P 500 as the bull market enters its third year.
Falling interest rates create an opportunity for one group of stocks.
The tech sector (XLK) saw gains of 2.5% in this trading week as the tech-heavy Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) indexes both rose by over 1.1%. Yahoo Finance markets and data editor Jared Blikre comes on Asking for a Trend to detail this week's biggest market trends, including the Chinese economy's seeming adoption of Keynes values and the US dollar's reaction to the Federal Reserve's new interest rate environment. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Luke Carberry Mogan.
The iShares ETFs took in $97 billion, pushing the asset manager to $11.5 trillion in AUM.
Kevin Fagan, Moody's head of commercial real estate economic analysis, joins Asking for a Trend to discuss the state of the commercial real estate market. "From what we call the space market — which is the market for taking down commercial real estate space in terms of tenancy — rents and vacancies have kind of gone in the wrong direction overall. But then on the price side, prices have been relatively stable. I think that we're probably in what we would call a normalization period," Fagan tells Yahoo Finance. He notes that there has been a migration toward the Sun Belt region of the US. However, it got "a little bit overheated," and demand started to fall. Meanwhile, the Snowbelt has seen improved performance, indicating an overall normalization. As the Federal Reserve kicks off its rate-easing cycle, Fagan explains that transaction volume is starting to tick up and will be able to continue the momentum as interest rates stabilize. While many companies have implemented return-to-office mandates, he notes that demand for office space has improved significantly. However, it still is well below pre-pandemic levels. He adds, "What's really important for real estate is for us to figure out, what kind of space are tenants going to take per employee now in this hybrid work environment? And a lot of tenants still aren't sure about that. It takes a long time for these leases to roll over." Watch the video above to hear what Fagan says about the trend of converting commercial buildings into residential spaces. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Melanie Riehl
The Dow Jones Industrial Average (^DJI) is on the path higher, the index rising at Friday's session open as Big Banks kick off the third quarter earnings season. The tech-heavy Nasdaq Composite (^IXIC) dips by over 0.3% while Nvidia's (NVDA) stock price re-approaches its all-time high in recent sessions. Morning Brief anchor Brad Smith breaks down market moves after the opening bell, joined by Yahoo Finance markets and data editor Jared Blikre, who takes a closer look at the S&P 500's recent hot streak (^GSPC), trends in the 10-year Treasury yield (^TYX, ^TNX, ^FVX), and the crypto space. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.
Fewer managers are misleadingly claiming that they practice ESG investing, RepRisk research found.
The securities offer a historically small return relative to government bonds now, but investors are still piling in
TSLL, which aims to double the returns of Tesla stock, dropped more than 20% as company shares slumped.