Gold Hits Record High: 5 Reasons ETFs Could Rally Further
Gold hit a record as markets are bracing for global interest rates to fall. Assassination attempt on Trump is also favoring gold.
Gold hit a record as markets are bracing for global interest rates to fall. Assassination attempt on Trump is also favoring gold.
With concerns about inflation declining, investors are feeling increasingly confident about the global economy exiting the central bank interest rate hiking cycle without an economic downturn.
With so many innovations available in the market, it’s increasingly difficult for investors to pick out viable ideas. That’s where exchange-traded funds come into play. With technology-centric ETFs to buy, buyers can enjoy a wealth of compelling opportunities under one basket. This is especially useful if you have concerns about making decisions. Just within the tech ecosystem itself, investors have myriad opportunities to choose from. Whether you’re looking at artificial intelligence, semicondu
A surge in shares of Bank of America boosted XLF.
-- Gold prices rose to record highs in Asian trade on Wednesday, extending a strong run of recent gains amid growing optimism that the Federal Reserve will cut interest rates in September.
All three of the major market averages (^GSPC, ^DJI, ^IXIC) closed the day higher: the Dow Jones Industrial Average and the S&P 500 both achieving new record highs. This is the S&P 500's 38th record-high close in 2024. Meanwhile, small caps stocks, which are tracked on the Russell 2000 (^RUT), out erformed large caps on the Nasdaq 100 (^NDX) for their fifth straight day. New data shows that homebuilder sentiment in July has fallen to its lowest level since December 2023 as mortgage rates remain high. Yahoo Finance housing reporter Dani Romero joins Market Domination Overtime to break down the strain on homebuilders and how the Biden administration's proposal to cap rental price increases at 5% nationwide may impact the housing market. SMART Global Holdings (SGH), known for designing, building, and managing AI infrastructure systems, announced it secured a $200 million investment from SK Telecom (SKM) and that it will be changing its name to Penguin Solutions, its biggest brand. SGH CEO Mark Adams joins the show to discuss the new $200 million investment into the company, its involvement in the AI sector, and more. For more expert insight and the latest market action, click here. This post was written by Nicholas Jacobino
Small caps stocks, which are tracked on the Russell 2000 (^RUT), out performed large cap stocks on the Nasdaq 100 (^NDX) for 5 straight days. Cyclical sectors, like industrials (XLI) and the homebuilder category (XHB), have also been surging within the last few days. Yahoo Finance senior markets reporter Jared Blikre joins Asking For A Trend to break down what's been driving the top market trends on July 16. 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 Nicholas Jacobino
New data shows that homebuilder sentiment in July has fallen to its lowest level since December 2023 as mortgage rates remain high. Yahoo Finance housing reporter Dani Romero joins Market Domination Overtime to discuss the strain on homebuilders and how the Biden administration's proposal to cap rental price increases at 5% nationwide may impact the housing market. 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 Melanie Riehl
Sector Update: Financial Stocks Gain Late Afternoon
Vanguard’s VCLT assets jump 3.2%: Here are the daily ETF fund flows for July 16, 2024.