Investment Learning

  • July 16, 2024

Dow and S&P 500 record highs, homebuilder sentiment: Market Domination Overtime

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

Read More
  • July 16, 2024

Small caps on a roll, cyclicals surging: Market Takeaways

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

Read More
  • July 16, 2024

Homebuilder sentiment slips to 7 month low in July

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

Read More
  • July 15, 2024

Russell 2000 rises, economic moderation: Top market trends

The Dow Jones Industrial Average (^DJI) notched a record close while the S&P 500 (^GSPC) ended the day just below a record high in Monday's session. Yahoo Finance Reporter Josh Schafer joins Asking for a Trend to discuss his takeaways from the trading day. First, he points to the continued broadening of the market as a major trend. Energy (XLE), financials (XLF), and industrials (XLI) all led the market's rally while tech (XLP) came in just shy of the S&P 500 over the last five days. Next, the Russell 2000 (^RUT) hit its highest level since 2022. As more economic data points to cooling inflation, confidence grows in the potential for a September rate cut, giving small caps a boost. Finally, the economy is showing signs of overall moderation. As June's retail sales report is set to be released on Tuesday, Wall Street is expecting sales to fall about 0.2%. Schafer explains that if the print comes in line with expectations, it would serve as yet another data point showing that the economy is responding to higher interest rates. This would also give the Federal Reserve more confidence in initiating an interest rate cut. 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 Melanie Riehl

Read More