LIVE Stocks soar as upbeat jobs data fuels rebound from rout KSE - Delayed Quote • KRW (52H211.KS) Follow 35.00 0.00 (0.00%) At close: April 7 at 3:08 PM GMT+9 Related ETF News Semiconductor ETFs Bear the Brunt of Market Rout The semiconductor sector has been badly beaten down in the latest market rout. A spate of weaker-than-expected earnings reports from well-known players in the space also dampened confidence. Stock ETF Volatility: Buy the Dip vs Sell the Rip Bulls battle bears as major stock indexes fluctuate amid market uncertainty. Tortoise Creates ETF From Closed-End Funds The new active ETF will merge $313 million from three closed end funds. BlackRock Rebrands ETFs to iShares, Expanding Product Line Asset manager to rename 22 BlackRock ETFs, joining 420 existing iShares funds. Big Tech is in 'penalty box' for now: Barclays strategist Big Tech stocks are in positive territory following sell-off woes, now pushing the market indexes (^DJI, ^IXIC, ^GSPC) higher in a slow recovery effort. In a note, Barclays Head of US Equity Strategy Venu Krishna wrote that tech leaders are in "the penalty box" at this time. Krishna joins the Catalyst team in-studio to talk about the refocus on AI monetization while tech stocks are trading increasingly higher than their earnings. "If you look at Meta (META), they posted very good numbers on digital ads. If you look at Amazon (AMZN), they posted very good numbers on their AWS side. And so if you look at individual names, they are checking the box," Krishna tells Yahoo Finance. "But clearly as the focus changes on onto the monetization of AI, from here on you don't want to pay very high multiples and you want to see actually the monetization showing up in earnings. And clearly this is a secular trend..." Krishna goes on to give his year-end forecast for the S&P 500 (^GSPC) and communicate how he sees the rest of the market (^DJI, ^IXIC) reacting to third quarter earnings forecasts. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan. Why the Japanese yen is pushing around the US stock market: Morning Brief The US stock market has been largely powered by tech stocks, which have an odd — but strong — connection to the Japanese Yen. The market is 'overreacting' to weak labor report: Economist The major indexes (^DJI,^GSPC, ^IXIC) are bouncing back after a three-day sell-off triggered by a weaker-than-expected jobs report in July. As investors continue to be wary of a recession, Apollo Global Management chief economist Torsten Slok joins Catalysts to discuss the market reaction and break down why tech, in particular, is seeing a massive sell-off. Slok notes that despite the weak labor report, there's not much other evidence that points to a recession: "Daily data for how many people fly on airplanes as of last Friday is still strong. Daily data from OpenTable for how many people go to restaurants is still strong. Weekly data for retail sales from Redbook is also still strong. Hotel occupancy rates, the weekly data also still strong." He reiterates Federal Reserve Chair Jerome Powell's emphasis on the totality of the data, and adds, "the market is overreacting to just one data point." He believes that the tech sell-off is being driven by two factors. The first is because "valuations got so stretched and earnings expectations were simply inconsistent with where valuations were." Therefore, when some of the Magnificent Seven tech names missed expectations, investors reassessed their positions. The second boils down to the carry trade unwinding: "You've seen a reversal of a lot of trades where essentially investors were borrowing in yen. Remember, in yen, interest rates up until literally two weeks ago were zero. Now they went up to 25 basis points... dollar-yen has moved from 161 down to 144. That means that if I borrowed in yen, now I need to pay back in yen. If yen is more expensive, that means that I need to pay back more." Note: Apollo Global Management is Yahoo's parent company. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl These are key indicators to watch for signs the pullback is ending Stocks remained under heavy selling pressure at the start of the week as recession worries continued to dominate global sentiment. A short squeeze in the VIX further weighed on the broader stock market, with the S&P 500 falling by 3.00%. Wall Street sees 'buying opportunity' amid AI pullback Artificial intelligence stocks have been hammered amid the market sell-off, and some strategists see a potential buying opportunity for investors who believe in AI upside longer term. Inspire Investing Ranked Among America's Top RIAs for 2024 by Financial Advisor Magazine Inspire Investing, the world's largest provider of faith-based ETFs (as of 6/30/24), has been ranked as one of America's Top RIAs for 2024 by Financial Advisor Magazine. Inspire came in at #171 out of 431 firms and grew total assets under management (AUM) by 26.12% during the calendar year 2023. FA Magazine has recognized Inspire eight times since 2017, making the Top 50 Fastest Growing Firms list three times in a row. Sell-off lead up, heightened volatility: Market Takeaways The Dow Jones Industrial Average (^DJI) sank by an astounding 1,033 points in Monday's market sell-off, led by the tech-heavy Nasdaq Composite's (^IXIC) own 3.43% decline. Yahoo Finance markets reporter Josh Schafer explains the perfect storm of market conditions that led to broad-based selling and heightened volatility (^VIX), including July's disappointing jobs figures and the rotation out of Big Tech names. 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. Trading Platforms Suffer Service Breaks as Markets Plunge Major brokerages face outages amid global market sell-offs All eyes are on the future of the tech trade during sell-off The widespread sell-off in US equities (^DJI, ^IXIC, ^GSPC) continues just ahead of Monday's closing bell. The tech sector (XLK) has been a significant anchor dragging down tech-heavy indexes, but could this be a good thing for Big Tech's Magnificent Seven as investors were rotating out of tech before this broad selling activity even began? Josh Schafer outlines the year-to-date trends that brought the tech trade to new heights, now contending with new challenges, and how closely Wall Street will be watching Nvidia's (NVDA) second quarter earnings results on Wednesday, August 28. 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. The two tech stocks to buy despite major sector sell-off Nvidia (NVDA) and Apple (AAPL) are driving the tech-heavy Nasdaq Composite (^IXIC) into turmoil amid a major sell-off on Wall Street. D.A. Davidson senior software analyst Gil Luria joins Morning Brief to discuss the market movement and his top tech stock picks despite the dip. "There's traders selling because they're covering their yen carry trade. There's computer algorithmic trading that's selling because those traders sold. And then there's index fund computers that are selling because those two sold. What's not happening is somebody didn't wake up this morning and say Apple, Amazon (AMZN), and Microsoft (MSFT) are worth 5% less than they were on Friday. That's not happening," Luria explains. He says that fundamental-based investors haven't changed their minds since Friday, and the prospects for large cap tech companies will continue to do well. He adds that there are companies out there that will benefit from AI over the next few years, and that value is not yet reflected in the stock price. He points to Apple as one of those companies as a buying opportunity, explaining its AI integration will drive an iPhone upgrade cycle. He also points to Amazon as another opportunity, noting that its AWS (Amazon Web Services) segment has more room to grow as it strengthens its AI capabilities. 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 Stocks look to rebound during quieter week for economic data: What to know this week A quiet economic data week greets a slumping stock market as investors are increasingly concerned about the impact of high interest rates on the US economy. Want to Build a $2 Million Portfolio by Retirement? Here's How Much You Should Aim to Invest. Investing in a diversified growth fund can set you up for a much more comfortable retirement. Stocks hammered after this week's labor data shows investors treating 'bad news as bad news' Expectations for more Federal Reserve interest rate cuts are rising, but markets are selling off on the news, marking a shift in how investors are digesting economic data. Big Tech: Investors questioning when AI bets will pay off Recent Big Tech earnings reports have revealed that the sector continues to make substantial investments in generative AI technology and initiatives. However, as a result, expectations and valuations for these companies have become extremely high, making them challenging to meet or exceed. Market Domination anchor Julie Hyman analyzes the details, discussing why these investments are under pressure to succeed, given the lofty resources and market expectations tied to them. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith Intel Tanks on Big Q2 Earnings Miss: ETFs in Focus Intel (INTC) reported lackluster second-quarter 2024 results. It missed estimates on both earnings and revenues and guided a loss for the third quarter. TLT, Russell 2000 ETFs Top SPY, Big Tech in July Cooling inflation boosted bonds and small caps while large caps lagged.
