Up 19% Year to Date, Can Gold Outperform the S&P 500 and Nasdaq Composite by the End of 2024?
The stock market and gold are both making new all-time highs.
The stock market and gold are both making new all-time highs.
The final trading hour of the day is here, and it brought Julie Hyman and Josh Lipton to break down the biggest market (^DJI, ^IXIC, ^GSPC) stories and economic themes ahead of Thursday's closing bell. In today's episode of Market Domination, Wedbush senior equity analyst Dan Ives talks chipmaker earnings for this quarter as the AI chip trade recovers from yesterday's selloff. Former Federal Reserve Bank of Kansas City President Thomas Hoenig outlines the Fed's patience in waiting to cut interest rates, reminding officials of historical examples of what could happen if you cut rates too fast. Other top trending tickers on the Yahoo Finance platform include Abbott Laboratories (ABT) after reporting second quarter earnings, Meta Platforms (META) as it seeks to buy a stake in European sunglass maker EssilorLuxottica (EL.PA, ESLOY), Broadcom (AVGO), and Blackstone (BX) on its latest earnings print; Julie Hyman interviewed Blackstone President and COO Jonathan Gray this morning. This post was written by Luke Carberry Mogan.
-- Gold prices fell sharply in Asian trade on Friday, dented by a mix of profit-taking and as speculation over a potential Donald Trump presidency and stricter U.S. trade policies favored the dollar.
Big Tech has experienced a dip in the past few trading days as investors seem to be rotating out of the sector in favor of small-cap stocks. Spear Invest founder and CIO Ivana Delevska joins Market Domination to give insight into the current performance of the tech sector (XLK) and inform investors know what to keep in mind moving forward. Deleveska argues that Big Tech isn't going anywhere because, to truly implement AI in these businesses, it will take considerable investments. Using Google's (GOOG, GOOGL) and Meta Platforms' (META) products as examples, she states: "As we go forward, it's going to take 2 to 3 years to see real applications come through. We are already seeing it on the early side with customer service and productivity improvement tools that are really leveraging the large language models, but the next level, the next layer of opportunity, will be in the physical, like robotics, autonomous driving, and that's going to take a little bit longer to play out. Nevertheless, you do need to make the investments today in compute to be able to advance these applications even a little bit. " For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
Semiconductor ETFs perked up on Thursday, although they fell earlier in the week and have been buffeted recently by U.S. election year politics.
On today's episode of Asking for a Trend, Host Josh Lipton breaks down some of the biggest stories hitting the market, from Donald Trump choosing Ohio Senator JD Vance as his vice president to Bud Light struggling to regain consumer favor. Former President Donald Trump has picked Senator JD Vance (R-Oh.) as his 2024 running mate. Axios chief economics correspondent Neil Irwin explains that while Trump likes to tout populist ideas on the campaign trail, he has had a different view in the White House. While Vance has his own ideas, it is unknown if his sentiments will translate into policy in his vice president role. He says, "[Trump] also loves talking to CEOs and loves talking about how he's so great for business. He just floated cutting the corporate income tax rate again. He cut it from 38% to 21% when he was in office, he wants to go down to 15% now, he says. So look, there's a lot of things Trump would like to do that are certainly business priorities and things that big business would like to see. And Vance as vice president would just be one voice at the table, kind of trying to shape those policies." Yahoo Finance markets reporter Josh Schafer analyzes the latest market trends for July 18, as US weekly jobless claims rose more than expected, the healthcare sector (XLV) slumped, and the small-cap (^RUT) rally has begun to stall. More than a year after a boycott against the brand, Bud Light continues to struggle to regain consumer favor. The Anheuser-Busch InBev (BUD) fell to third place in sales, trailing behind competitors Modelo Especial and Michelob Ultra when it comes to dollar share, according to Bump Williams Consulting and NielsenIQ data. Yahoo Finance senior reporter Brooke DiPalma breaks down the movement. Meanwhile, Domino's (DPZ) reported its second quarter results, missing same-store sales expectations and revealing a stunt in international growth. Placer.ai head of analytical research R.J. Hottovy explains how companies have been rolling back prices and offering value meals, calling it the "summer of value wars." He adds, "I think it really speaks to the idea that consumers are looking for value, and that's front and center for them." Finally, Market Domination Host Julie Hyman breaks down the latest chart from Apollo Global Management chief economist Torsten Slok and how increasing CEO confidence could weigh on the Federal Reserve's interest rate cuts. This post was written by Melanie Riehl
Earnings for healthcare companies have declined for six straight quarters. But analysts have a more positive outlook going into second quarter earnings.
In late June, the Supreme Court overturned the Chevron Deference, a powerful doctrine that dictated the interpretation and adherence to laws set by federal regulators. This move could enable large businesses to ignore certain regulatory guidelines as it pulls back the influence of various government agencies. Yahoo Finance legal reporter Alexis Keenan explains the history of the 40-year-old law and how this overruling could affect both civil rights and the investment landscape. 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 Luke Carberry Mogan.
Sector Update: Financial Stocks Retreating Thursday Afternoon
US weekly jobless claims rose more than expected as leadership from the Federal Reserve has expressed confidence in bringing inflation down. The healthcare sector (XLV) slumped today, leading in sector losses and dropping by over 2%. Lastly, the run that small caps (^RUT) has seen in the past few days has begun to stall out, erasing much of the gains from earlier in the week. Yahoo Finance markets reporter Josh Schafer joins Asking For A Trend to break down the latest market trends for July 18. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino