• June 24, 2024

Nvidia down for third day, Arm joins Nasdaq 100: Market Domination Overtime

The Nasdaq Composite (^IXIC) fell by over 190 points — or almost 1.10% — in Monday's trading, as the Dow Jones Industrial Average (^DJI) leaped ahead 260 points in the session. Nvidia (NVDA) continued to fall for its third session in a row, bringing the S&P 500 (^GSPC) dow along with it. In this episode of Market Domination Overtime, Hosts Julie Hyman and Josh Lipton speak with Invesco Global Market Strategist Brian Levitt about how the market can keep rallying despite Nvidia's downturn. Arm Holdings (ARM) was added to the Nasdaq 100 (^NDX) on Monday as shares are up nearly 140% since its public debut in September 2023. Arm CEO Rene Haas joins the show to discuss this milestone and the British semiconductor company's outlook. For more expert insight and the latest market action, click here. This post was written by Nicholas Jacobino.

  • June 24, 2024

Nvidia falls for third day, S&P 500 follows: Market Takeaway

The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) fell from their record highs seen last week as Nvidia (NVDA) sank for its third session in a row, losing over 6% for the day. With Nvidia and other tech giants, holding much of the weight of the S&P, what does this mean for the future of the index? Yahoo Finance Markets Reporter Josh Schafer joins Market Domination Overtime to break down the top market takeaways for the trading day on June 24. 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 Nicholas Jacobino

  • June 24, 2024

Tech undergoing 'continued growth story' despite Nvidia drag

Nvidia's (NVDA) stock slump — down by 9% over the last five trading days — dragging down tech-heavy indexes (^DJI, ^IXIC, ^GSPC) along with it. Yahoo Finance's The Morning Brief welcomes Commonwealth Financial Network CIO Brad McMillan to talk about recent trends in the tech sector and major chip players. "When you look at the underlying trends, there are some companies coming up underneath Nvidia in the in the artificial intelligence [AI] market. But at the same time Nvidia is still amazingly dominant," McMillan explains. "So, you know a little bit of a pullback, that doesn't worry me necessarily in the short term as long as the trends remain positive and they are. And those other companies give you other opportunities going forward." McMillan also weighs in on opportunities in small-cap stocks (^RUT) and the Federal Reserve's interest rate approach to inflation. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

  • June 24, 2024

Stocks mixed at open, tech sector under pressure

It's the final trading week of June and stocks (^DJI, ^IXIC, ^GSPC) open the Monday session mixed with the Dow Jones Industrial Average leading the charge with slight gains from the get-go. Morning Brief's Madison Mills and Brad Smith monitor the movements of the major market averages, the Technology Select Sector SPDR Fund (XLK), and Russell 2000 (^RUT), while Jared Blikre provides analysis of the broader market trends seen in the tech sector. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

  • June 22, 2024

What do homebuilders want? Immigration reform

US homebuilders are navigating both higher mortgage rates as well as constrained capital for building projects. But there is another big labor factor the industry is trying to figure out. National Association of Home Builders (NAHB) CEO Jim Tobin explains the industry's high labor demand that could be filled by skilled immigrant workers. According to the NAHB's own Eye On Housing Report, data from 2022 suggests that "a third of all carpenters and 41% of construction laborers are of foreign-born origin" in the United States. "Our number one issue this year was about workforce development and immigration, which is so politicized right now. And it won't be until whoever we find out who the next president is, where we can really tackle the issue," Tobin says. later adding: "We want people who want to come into this country legally to come through in an orderly fashion. We want people who want to work in the construction industry to have a visa that allows them to work in our industry, just like they can work in the seasonal market, or they can work in agriculture." 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.

  • June 21, 2024

SMH ETF: Exposure to Nvidia and Other Top Chip Stocks

It’s hard to look past Nvidia (NASDAQ:NVDA) these days, but it’s important to remember that there are also plenty of other great semiconductor (chip) stocks out there. The VanEck Semiconductor ETF (NASDAQ:SMH) enables investors to gain exposure to both Nvidia and other attractive opportunities within the semiconductor space. I’m bullish on SMH based on its strong portfolio of top semiconductor stocks, which are performing well and harbor significant long-term growth potential, as well as its inc