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As of December 13 at 11:03:52 AM EST. Market Open.

Market breadth is a 'prove-it story': NYSE strategist

Mega-cap Big Tech names are outperforming in markets again, but can they keep the same momentum they once had? NYSE Senior Market Strategist Michael Reinking joins Morning Brief to discuss his outlook on breadth within the stock market. Reinking notes that the market (^DJI, ^IXIC, ^GSPC) expanded in breadth post-election, with mega-cap tech stocks beginning to recover. "We're at kind of an area where you'd like to see that breadth expansion start to... pick back up," he says, highlighting concerns about higher inflation and the potential for fewer rate cuts in 2025. He identifies financials and industrials as sectors positioned to benefit from increased market breadth expansion. Regarding a catalyst for market breadth, Reinking characterizes it as "a prove it story," noting the earnings gap between the Magnificent 7 and the other equal-weighted stocks in the S&P 500 (^GSPC) is likely to narrow. "It's going to be a situation where you need to see companies, A) being able to meet their earnings expectations, but you want to see the earnings revisions start to move more positively for that equal weight... contingent," he explains. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith

Yahoo Finance Video 53 minutes ago

META

MSFT

^DJI
Walmart is the 2024 Yahoo Finance Company of the Year

Walmart has secured Yahoo Finance's coveted annual Company of the Year award. Go inside its year and road ahead with CEO Doug McMillon and CFO John David Rainey.

Yahoo Finance 5 hours ago

BJ

JPM

COST
Fed rate decision, bitcoin above $106K, markets: 3 Things

The Federal Reserve meets in Washington, D.C., for the central bank's December policy meeting, the last of 2024, where Wall Street expects officials to cut interest rates by 25 basis points. Bitcoin (BTC-USD) rallied above $106,000 early Monday morning, as software firm MicroStrategy (MSTR) remains incredibly bullish on the cryptocurrency with plans to continue buying bitcoin. US stock futures (ES=F, NQ=F, YM=F) rally today, shaking off last week's performances from market averages as market breadth appears to decline. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 2 hours ago

ES=F

MSTR

BTC-USD
The final Fed meeting of 2024 awaits: What to know this week

Investors will be closely watching for any hints on how much further the Federal Reserve plans to lower interest rates in 2025.

Yahoo Finance yesterday

SPY

MU

^GSPC
Supermicro Stock Slides Over 7% as Nasdaq 100 Exclusion Looms

Supermicro Dips Following Nasdaq 100 Shake-Up

GuruFocus.com 1 minute ago

SMCI
Palantir, Axon Tumble Despite Nasdaq 100 News, MicroStrategy Rises; Super Micro Get The Axe

Palantir, bitcoin play MicroStrategy and Axon Enterprise will join the Nasdaq 100 index. Moderna, Super Micro and Illumina will exit.

Investor's Business Daily 5 minutes ago

AXON

MSTR

MRNA
Palantir (PLTR) Secures Defense Contract With Red Cat (RCAT)

Last month, a small-cap company by the name of Red Cat struck a deal with the US Army to build 5,880 unmanned aircraft systems for them over the next five years. The same day, Palantir stock was up 280% for the year, well on its way to becoming the best-performing S&P 500 stock for the […]

Insider Monkey 6 minutes ago

RCAT
BlackBerry Set to Report Positive Q3 Adjusted EBITDA Despite Lower Revenue, RBC Says

BlackBerry (BB) is expected to report positive adjusted earnings before interest, taxes, depreciatio

PREMIUM
MT Newswires 18 minutes ago

BB
Palantir Replaces Super Micro in Nasdaq-100 Index

Nasdaq-100 Adds Palantir, Axon, MicroStrategy as Moderna and Super Micro Exit

GuruFocus.com 27 minutes ago

SMCI

MSTR
Stock Market Today: Dow Jones Up As Bitcoin Play Pops; Cathie Wood Loads Up On This AI Stock Amid 48% Plunge

The Dow Jones was steady on the stock market today. A Bitcoin play rose on a Nasdaq move. Cathie Wood bought a plunging AI stock.

Investor's Business Daily 27 minutes ago

NVDA

PLTR

NKE
MicroStrategy Buys Even More Bitcoin. The Stock Is Jumping Again.

What company is buying Bitcoin at above $100,000? It’s MicroStrategy, the largest corporate holder of the cryptocurrency.

Barrons.com 27 minutes ago

MSTR
SoundHound AI Gains Momentum with Nvidia Collaboration, Wedbush Raises Price Target

The stock is outpacing Nvidia this year, in terms of total return.

GuruFocus.com 33 minutes ago

NVDA
Supermicro Stock Falls As Nasdaq 100 Dumps AI Data Center Specialist

Super Micro Computer stock fell anew on Monday after the Nasdaq stock exchange dropped SMCI stock from its Nasdaq 100 index.

Investor's Business Daily 36 minutes ago

SMCI
Is Rivian Stock A Buy Or A Sell Amid 40% Rally Since $6.6 Billion Government Loan?

Rivian shares have plummeted 38% in 2024 as the EV startup is looking to challenge Tesla, Ford, General Motors and other autos with its adventure-styled electric vehicles. RIVN shares rallied 6.2% to 15.25 during market trade on Monday, adding to a 1.2% jump on Friday. Rivian said in the announcement that, if the loan is finalized, it plans to use the federal money for the development and construction of its EV plant in Georgia, which would have an annual production capacity of 400,000 vehicles.

Investor's Business Daily 40 minutes ago

RIVN

TSLA
Magnificent Seven Stocks: Nvidia Stock Sells Off; Google, Tesla Rally To New Highs

Nvidia stock sold off Monday, while Tesla rallied to more record highs. Amazon and Google also hit new highs.

Investor's Business Daily 43 minutes ago

NVDA

AAPL

TSLA
Ford EV Battery Joint Venture Secures $9.63 Billion Loan From US Energy Department

Ford Motor's (F) joint venture with South Korean electric vehicle battery manufacturer SK On secured

PREMIUM
MT Newswires 54 minutes ago

F
These Stocks Are Moving the Most Today: Super Micro, MicroStrategy, Palantir, Tesla, Broadcom, Micron, Ford, and More

Super Micro stock will be removed from the Nasdaq 100 index while a report says the server maker is seeking to raise capital, Palantir and MicroStrategy will join the Nasdaq 100 and MicroStrategy gets a further boost from Bitcoin’s jump past $106,000.

Barrons.com 56 minutes ago

AVGO

SMCI

MSTR
The AI Race Is On. Do Ambitious Startups Like OpenAI Stand A Chance Against Big Tech?

Will AI model builders OpenAI and Anthropic ever rank among the best AI stocks? Going public may be a challenge as they battle tech incumbents like Google and Meta.

Investor's Business Daily 58 minutes ago

MSFT

NVDA

AMZN
Bitcoin Price Hits Fresh Record. How Fed Could Hamper Crypto.

Bitcoin price hit an all-time high of $106,496 early Monday, reaping further gains from President-elect Donald Trump’s plans to deregulate cryptos and create a national strategic reserve of Bitcoin. The slight drop could be due to fears the Federal Reserve will adopt a more hawkish tone as the Federal Open Market Committee meets next on Dec. 18. Cryptocurrencies are generally considered a risky investment and tend to rise when the Fed cuts rates.

Barrons.com 59 minutes ago

BTC-USD

HOOD

COIN
Nvidia, Meta, Google Get Snubbed Three Times — But This Stock Didn't

Blue Owl Capital shares a spot on IBD Leaderboard with Nvidia, Meta and Google. But only Owl stock pulls off this stock-list trifecta.

Investor's Business Daily 1 hour ago

NVDA

META

GOOG

Performance Overview

Return	CK.CN	S&P/TSX Composite index
YTD	+28.57%	+20.08%
1-Year	+50.00%	+22.59%
3-Year	-40.00%	+21.17%

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Related News

Market breadth is a 'prove-it story': NYSE strategist

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Magnificent Seven Stocks: Nvidia Stock Sells Off; Google, Tesla Rally To New Highs

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Bitcoin Price Hits Fresh Record. How Fed Could Hamper Crypto.

Nvidia, Meta, Google Get Snubbed Three Times — But This Stock Didn't

Performance Overview