YAHOO FINANCE CHARTBOOK 32 charts that explain markets and the economy right now NYSE - Delayed Quote • USD VALUE LINE 100 INDEX (^VLFVL) Follow 1,838.23 +12.88 (+0.71%) As of 3:20 PM EDT. Market Open. Related News June's housing slump, spot ether ETF, Domino's CEO: Wealth! Today on Wealth!, host Alexandra Canal explores three key topics: existing home sales, the state of the consumer, and retirement planning. Economic data takes center stage as US existing home sales decline in June. Yahoo Finance anchor Seana Smith breaks down the report, joined by Abbe Will, associate director of the remodeling futures program at Harvard Joint Center for Housing Studies. Will provides insights on how homeowners are navigating the current housing market challenges. Live from the New York Stock Exchange, Yahoo Finance reporter Brooke DiPalma interviews Domino's (DPZ) CEO Russell Weiner, who offers a glimpse into the current state of the consumer and its impact on the food industry. The show concludes with a focus on retirement planning. SC&H Wealth Principal & Wealth Advisor Judy Brown joins to discuss age-specific retirement and investment planning strategies. This post was written by Angel Smith Stock market news today: US stocks wobble amid earnings flood, with Big Tech on deck A marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally. Fed could cut three times in 2024: Strategist June's existing home sales data disappointed expectations, showing a 5.4% month-over-month decline. Kristina Hooper, Invesco's chief global market strategist, joins Catalysts to discuss her outlook on the Federal Reserve and market trends. Hooper attributes the housing market's challenges to the Fed's tightening cycle, which she says created "golden handcuffs" and forced affordability issues. However, she believes the Fed recognizes these housing market concerns. Looking ahead, Hooper is optimistic about the possibility of two rate cuts in 2024, even suggesting "there is a potential for three." Addressing the ongoing rotation in the tech sector, Hooper states, "I think this is very much a Fed trade." She explains that investors are anticipating Fed rate cuts, which could prevent a downturn and lead to re-acceleration. Consequently, "the most cyclically sensitive parts of the stock market... are performing very well." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith Stocks set for a pullback; it's a buying opportunity: Strategist BMO Capital Markets chief investment strategist Brian Belski joins Morning Brief to break down his chart for the Yahoo Finance Chartbook, which highlights the S&P 500 (^GSPC) max drawdown during the second year of a bull market. "We said in November of this year that 2024 was the second year of the new cyclical bull market, which began in October of 2022. We were in print on that as well, and the average drawdown since 1949 is 9.4%. Why that is concerning is we've only had a 5.5% correction so far in the market. All along the time, this market has become quite frothy with everybody kind of looking to the big cap tech stocks and chasing the market, whether that's fear of missing out or just momentum," Belski explains. He adds, "The market's ripe for a pullback from a sentiment perspective," expecting a 9.4% correction. He believes this presents a buying opportunity for investors, noting that since 1949, the average drawdown has been 15.5%, signaling that stocks will be higher at the end of the year. Belski lays out his formula for investing, stating, "Stocks lead earnings, which lead the economy." With the stock market reaching record highs this year, earnings are expected to be strong, which will, in turn, fuel the economy. He adds, "from a tech perspective, you're going to start to see a little bit more caution. And that's OK, especially given the fact how strong they've been. You might see a little bit of rotation, but that does not speak to where we're going to see further earnings strength in the market, especially within financials, parts of healthcare, parts of industrials." Click here to check out Volume 3 of the Yahoo Finance Chartbook. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl Yahoo Finance Chartbook: 32 charts tell the story of markets and the economy midway through 2024 In these charts, top Wall Street experts explain how inflation's decline and resilient economic growth, among other forces, have investors optimistic the stock market's 2024 rally has more room to run. Tech stock rebound, Biden 2024 exit: Market Trends of the Day After coming under pressure last week, tech stocks have picked back up, leading all three major indexes (^DJI,^GSPC, ^IXIC) to close higher in Monday's trading session. This comes after a major shakeup occurred in the 2024 presidential race, where President Biden announced he would exit and instead endorse Vice President Kamala Harris as the Democratic nominee. With rising uncertainty around the election, volatility has come into focus in the markets. Yahoo Finance markets reporter Josh Schafer joins Asking for a Trend to break down his biggest takeaways from the trading day. 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 Small caps, earnings, election uncertainty: Markets in focus President Joe Biden exited from the 2024 presidential race on Sunday, throwing his support behind Vice President Kamala Harris to be the Democratic nominee. WisdomTree Global CIO Jeremy Schwartz joins Market Domination to discuss how markets (^DJI, ^IXIC, ^GSPC) are reacting to the news and how it may affect the small-cap rally (^RUT). "The markets always don't like uncertainty. We got a little bit of clarity of what the nominees are going to be like," Schwartz says. He adds that markets have a preference for divided House-Senate races and candidates who run on lower taxes. "Some of the odds for Trump has been the leader for a while. But the odds of the Democrats taking the House have actually gone up with this change," he notes of the current market action. Schwartz highlights that a cool Consumer Price Index (CPI) print in June led to some rotation away from Big Tech toward small caps: "They're the ones who pay the highest taxes. So they're also looking forward to tax policy next year." With an interest rate cut likely to come in September, he argues that for the small-cap rally to be sustainable, there will have to be continued broader participation that shows up in earnings. As the election inches closer, Schwartz reiterates that "there's a lot of noise that comes with these elections, a lot of uncertainty that comes with it. But stocks have been a very good way to accumulate long-term wealth... the elections are going to generate a lot of headlines for the next 100-plus days, but you got to zoom back out to focus on the broad equity markets. We think that's where you want to be over the long run." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl Follow along the latest Yahoo Finance coverage on Biden's withdrawal from the 2024 election: Biden drops out, backs Kamala Harris: 6 hot takes for investors Joe Biden ends campaign, endorses VP Kamala Harris, throwing election into unprecedented chaos Harris bid gives Democrats chance at 'reset' with young voters Pelosi backs Harris. What are the next steps in her 2024 bid? Harris may become the Democratic presidential candidate, but the policies will still be Biden’s Biden endorses Harris for 2024: A look at the VP's policies Kamala Harris's energy policies are 'left' of Biden: Analyst Biden's exit: What it means for student loan forgiveness 1 business world concern that is already a focus for Kamala Harris: AI Kamala Harris’s VP pick: Potential contenders Prepare for more market volatility on Biden exit: Strategist Election looks 'much closer' with Harris in race: Strategist The Godfather of trading reveals how to trade Trump vs. Harris Stock market news today: Tech roars back as S&P 500, Nasdaq surge ahead of earnings Investors are surveying a changed political landscape after Biden called off his re-election bid, assessing what it could mean for the Trump trade. Questor: Strong foundations prime this DIY giant for growth Kingfisher’s deteriorating financial performance should come as no surprise. The home improvement retailer, which owns Screwfix and B&Q, has experienced a 38pc decline in profits over the past two years amid an incredibly weak operating environment. Equity Markets Mixed Intraday Ahead of Alphabet, Tesla Earnings Equity Markets Mixed Intraday Ahead of Alphabet, Tesla Earnings Dow Up As UPS Fails To Deliver; Spotify Stock Rockets (Live Coverage) The Dow Jones was up while a Warren Buffett stock moved higher in a buy zone on the stock market today. GM fell and Tesla earnings loom. CrowdStrike bounced. Small-Cap Gains Resume Ahead Of Major Tech Earnings; UPS Faces Worst Day Ever, Bitcoin Dips Below $66,000: What's Driving Markets Tuesday? On Tuesday, Wall Street saw a mixed session, with small-cap stocks outperforming large caps as investors anticipated key earnings reports from Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) and Tesla Inc. (NASDAQ:TSLA), set to be released after the close. The Russell 2000 index, as replicated by the iShares Russell 2000 ETF (NYSE:IWM), climbed 0.8%, while the tech-heavy Nasdaq 100 dipped 0.2%. This marked the ninth time in the last 10 sessions that small caps have outperformed tech stocks. The S&P 5 William Blair Commentary: Market-Rotation Update By Aaron Socker Small Stocks Gain Favor, but Equal-Weighted Fund Lags The iShares Russell 2000 exchange-traded fund was up almost 1%. Comparatively, the S&P 500 and the Dow were flat and the tech heavy Nasdaq Composite was up 0.1%. Invesco’s ETF was down 0.2%, at last check, and has largely stayed lower today. Utilities Are Slipping Even as Yields Fall. That’s Not Supposed to Happen. Utilities stocks have been offering negative one-day returns since trading kicked off this morning. The Utilities Select Sector SPDR exchange traded fund, at last check, was down 0.2%. The 2-year Treasury yield was down to 4.502% while the 10-year was at 4.22%, falling by its largest amount in intraday trading in a week. Dow Jones Banking Giant Goldman Sachs In Buy Range After Strong Earnings Results Dow Jones banking leader Goldman Sachs is in buy range above a recent entry following the company's strong Q2 earnings results. Starmer promises bosses it will be easier to build roads and warehouses The Prime Minister called for firms to work in partnership with the Government to ‘rebuild Britain’. Realty Income (O) Up 8.4% in a Month: Should You Take the Bait? Realty Income (O) stock has experienced an impressive run of late. Let's delve deeper to check whether it is too late to buy the shares or if there is still an opportunity to accumulate them. Consumer Discretionary, Technology Push US Equity Indexes Higher in Midday Trading Consumer Discretionary, Technology Push US Equity Indexes Higher in Midday Trading European Equities Close Mixed in Tuesday Trading; Consumer Confidence Rises in July European Equities Close Mixed in Tuesday Trading; Consumer Confidence Rises in July
