SEC Updates Rules for $55T Equity Markets
New regulations from the regulator aim to enhance competition and efficiency.
New regulations from the regulator aim to enhance competition and efficiency.
Supply chain conditions and the Federal Reserve's interest rate cut could be setting up a very promising environment for tech stocks to run higher. Wedbush managing director and senior equity analyst Dan Ives joins Market Domination to talk about how the AI revolution is guiding notable tech names, including Apple (AAPL) after it unveiled its iPhone 16 lineup last week. "This is all about as Apple intelligence rolls out into the December quarter into March, that's where I believe this will be the largest Apple iPhone cycle that we've seen. I think markets better digesting it the last few days, but we're going to continue to sort of navigate," Ives tells Yahoo Finance, later adding: "And I just think this is one where the Street is underestimating what the consumer AI revolution is going to mean to Apple stock." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
The Federal Reserve cut interest rates by 50 basis points and Chair Jerome Powell said the central bank expects the housing market to normalize alongside rates. Compass Real Estate brokers Tom Postilio and Mickey Conlon join Josh Lipton on Asking for a Trend to discuss what the rate cut means for the US real estate market. Postilio tells Yahoo Finance the real estate industry is “popping the champagne bottle, because for the last three years it's just been a lot of headwinds,” but the “half a point is big news.” “August is typically a very sleepy month, [but this year] it was on fire,” Conlon says, explaining that typically there’s less interest in buying a home during the fall season, especially ahead of a presidential election. “We hit the ground running, and that's all in anticipation of today's announcement,” as it seems people have put aside any election worries aside “because there's so much pent-up demand and there has been for three years” and “this announcement gave [buyers] permission to get off the fence," Conlon states. Postilio finds this increase in demand activity has been “across the board,” but the luxury sector stands out. Compass Real Estate saw the most signed contracts in the week following Labor Day in nearly two decades, he reports. “Low inventory and high interest rates” have been “an absolute disaster for first-time buyers because it's really priced them out of the market,” Conlon notes, indicating that the rate cut could help address alleviate these challenges. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Naomi Buchanan.
Editor’s note: This story has been updated with additional information. Markets are bouncing Wednesday afternoon following the Federal Reserve’s decision to cut rates by 0.5%, marking the beginning of the central bank’s highly anticipated cutting cycle. What To Know: Wednesday’s 0.5% rate cut brings the target fed funds rate to a new range between 4.75% and 5%, down from a 23-year high of 5.25% to 5.5%. It’s also the first rate cut since March 2020. The fed funds rate has been sitting at a range
Truist co-chief investment officer and chief market strategist Keith Lerner believes tech stocks will run even higher in the fourth quarter, despite seasonal volatility (^VIX) that could persist. Lerner joins Madison Mills and Brad Smith on Morning Brief to examine how the tech sector could see late 2024 gains driven by earnings. "I think partly is that the earnings momentum is still with tech," he says, adding in his view tech stocks have "overextended positioning," so "what you've really been seeing in the last maybe month or two is really kind of getting some of that excess sentiment wrung out from the sector." Tech stocks have "a bit further to go," and "as we get into the earnings season, in a cooling economy, tech on the earnings front still outperforms. He adds "That will drive investors back to tech" because "that's the part of this bull market." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Naomi Buchanan.
August saw US housing starts rise by 9.6% and pushed the annual pace to 1.36 million homes, according to the US Census Bureau's latest data. Yahoo Finance senior housing reporter Dani Romero breaks down the numbers, including the latest housing permits print, as mortgage rates ease and the Federal Reserve prepares to begin cutting interest rates. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Luke Carberry Mogan.
Sector ETF report for IAI
Morningstar report says State Street's year-to-date flows are lagging Vanguard and iShares by a wide margin.
The U.S. central bank cut the federal funds rate for the first time since early 2020.
The S&P 500 (^GSPC) reached an intraday record high on Tuesday while closing just below its flatline on the eve of the Federal Reserve's interest rate decision. Yahoo Finance markets and data editor Jared Blikre joins Josh Lipton on Asking for a Trend to look back on the day's biggest market drivers, which also includes fund managers' persistent bullishness on Magnificent Seven tech stocks and pricing trends within silver (SI=F). For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Luke Carberry Mogan.