• August 29, 2024

Mortgage rates fall to 15-month low ahead of Fed's rate cuts

US mortgage rates have fallen to a 15-month low, according to the latest data from Freddie Mac. The 30-year fixed rate mortgage has dropped to 6.35%, its lowest reading since May 2023. Market Domination anchors Josh Lipton and Madison Mills comment on whether sliding mortgage rates can inspire homebuying activity as the Federal Reserve plans to cut interest rates in September. 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.

  • August 29, 2024

Cyclicals, US dollar, August volatility: Market Takeaways

The Dow Jones Industrial Average (^DJI) closed Thursday's session at a new record high, while the tech-heavy Nasdaq Composite (^IXIC) and S&P 500 ^GSPC) slipped slightly into negative territory after Nvidia's (NVDA) second quarter earnings beat that failed to impress Wall Street investors. Yahoo Finance markets and data editor Jared Blikre joins Josh Lipton on Asking for a Trend to highlight the biggest themes from the trading, including this week's gains in cyclical sectors, patterns pointing to a reversal in the US dollar, and market volatility (^VIX) seen in August trading. 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.

  • August 29, 2024

Amplify ETFs Declares August Income Distributions for its ETFs

CHICAGO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Amplify ETFs announces August income distributions for its ETFs. ETF NameTickerAmount per ShareEx-DateRecord DatePayable DateAmplify Samsung SOFR ETFSOF$0.447588/29/20248/29/20248/30/2024Amplify Cash Flow High Income ETFHCOW$0.173208/29/20248/29/20248/30/2024Amplify CWP Enhanced Dividend Income ETFDIVO$0.161078/29/20248/29/20248/30/2024Amplify CWP International Enhanced Dividend Income ETFIDVO$0.154408/29/20248/29/20248/30/2024Amplify Natural Resources

  • August 28, 2024

Why September historically spells trouble for stocks

Stocks have calmed after a rocky start to August. Tech stocks (XLK) have bounced back, and markets (^DJI, ^IXIC,^GSPC) seem stable for now. But September, historically the weakest month for stocks, is approaching. According to Bank of America (BAC) data, the S&P 500 only rose 44% of the time during September since 1928. Furthermore, in presidential election years, both September and October have historically yielded underwhelming average returns of -0.46% and -0.34%, respectively. On today's Market Minute, Yahoo Finance executive editor Brian Sozzi discusses these historical market trends, considering what they might mean for current market conditions.