LIVE Stocks bounce back from 3-day rout as S&P 500, Nasdaq rally Hamburg - Delayed Quote • EUR DEKASTRUKTUR: 3 CHANCE (DEDQ.HM) Follow 69.77 -0.94 (-1.33%) As of 8:29 AM GMT+2. Market Open. Related ETF News 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 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. 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%. Build a Portfolio With These 4 ETFs ETFs build a foundation for your portfolio. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Tuesday as Stock-Selling Frenzy Subsides Exchange-Traded Funds, Equity Futures Higher Pre-Bell Tuesday as Stock-Selling Frenzy Subsides Should You Invest in the iShares U.S. Financial Services ETF (IYG)? Sector ETF report for IYG Trading Platforms Suffer Service Breaks as Markets Plunge Major brokerages face outages amid global market sell-offs 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 Exchange-Traded Funds, Equity Futures Fall Pre-Bell Monday as Stock Sell-Off Intensifies Exchange-Traded Funds, Equity Futures Fall Pre-Bell Monday as Stock Sell-Off Intensifies 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. There are the catalysts will take utilities higher: Analyst The utilities (XLU) sector managed to defy Friday's steep market sell-off, gaining into the close to end the session 0.16% higher. Year to date, the group is one of the strongest performers in the S&P 500 (^GSPC). Bret Kenwell, eToro U.S. Investment and Options Analyst, joined Market Domination to discuss the sector's recent gains - and catalysts going forward. Historically, in periods of volatility investors flock to utilities for stable and steady growth. But looking at the group today, Kenwell sees "a collection of other catalysts" at play that could drive further gains. He notes the sector is projected to see its best year of earnings growth since 2009, on top of attractive valuation and the near-certainty of a September rate cut (thanks to Friday's weak jobs report). Looking to the broader market, Kenwell doesn't expect the current rotation out of megacap tech and into small caps to continue for all that long. "I think that at some point investors are going to start circling back at those names," he says, pointing to the recent declines in Nvidia (NVDA), Alphabet (GOOG, GOOGL), Microsoft (MSFT), and Amazon (AMZN). Watch the video above to hear what Kenwell says about the healthcare sector. For more expert insight and the latest market action, click here to watch this full episode of Market Domination.This post was written by Kathleen Welch 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. Probability of 50 bps rate cut more than doubled after payroll data The probability of a 50 basis point rate cut by the U.S. Federal Reserve has more than doubled among traders following Friday's weak payroll data. Nonfarm payrolls for July were 114,000, well below the consensus of 177,000 and the lowest since January 2021. In addition, the unemployment rate jumped to 4.3%, up from 4.1%. Exchange-Traded Funds, Equity Futures Lower Pre-Bell as Technology Stocks, July Jobless Rate Raise Investor Concerns Exchange-Traded Funds, Equity Futures Lower Pre-Bell as Technology Stocks, July Jobless Rate Raise Investor Concerns TLT, Russell 2000 ETFs Top SPY, Big Tech in July Cooling inflation boosted bonds and small caps while large caps lagged. Is Invesco S&P 500 Equal Weight Financials ETF (RSPF) a Strong ETF Right Now? Smart Beta ETF report for RSPF Defiance ETFs Announces Transition of QTUM and SIXG from NYSE Arca to Nasdaq NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs is pleased to announce that, effective on or about August 13, 2024, the Defiance Quantum ETF (NYSE Arca: QTUM) and the Defiance Connective Technologies ETF (NYSE Arca: SIXG) will cease trading on the NYSE Arca and will commence trading on the Nasdaq Stock Exchange. For more detailed information about these funds, including investment strategies and portfolio compositions, please visit Defiance ETFs. The Funds’ investment objectives, risks
