EXCLUSIVE President Biden tells Yahoo Finance that new China tariffs are about being 'fair' YHD - Delayed Quote • USD Entertain-Diverse (^YHOH827) Follow 988.47 -16.06 (-1.60%) As of December 7 at 4:17 PM EST. Market Open. Related News Stock market today: Meme rally roars as stocks stay muted in inflation countdown Meme stocks soared again as US equities more broadly stayed muted in the countdown to fresh inflation data and a Jerome Powell speech. Fed's Powell: 'We'll need to be patient' on rates Fed Chair Jerome Powell reiterated his stance that the central bank will need to remain patient and see further progress on inflation before reducing interest rates. Dow ends hot streak, meme stocks pop on major rally: Market Domination Overtime On today's episode of Market Domination Overtime, Hosts Josh Lipton and Julie Hyman discuss the day's market performance and the aggressive rise in meme stock activity. The Dow Jones Industrial Average (^DJI) broke its eight-day win streak. The S&P 500 (^GSPC) closed just below its flatline, while the Nasdaq Composite (^IXIC) ended 0.29% higher. Meme stocks popped after "Roaring Kitty," best known for the 2021 GameStop (GME) short squeeze, made a return on social media. Yahoo Finance's Josh Schafer joins the show to discuss the implications of this rally and Head Moderator of r/WallStreetBets Noor Al gives insights into the renewed interest in meme stocks. Lastly, Josh Lipton and Julie Hyman break down what to watch on Tuesday, May 13, from President Biden announcing new tariffs on Chinese electric vehicles, to the Producer Price Index (PPI), to major earnings like Home Depot (HD), Alibaba Group (BABA), On Holding (ONON), Rumble (RUM), and Jack in the Box (JACK). This post was written by Melanie Riehl Dow ends win streak, meme stocks surge in Monday rally The Dow Jones Industrial Average (^DJI) has broken its win streak after carrying gains for eight straight sessions. The S&P 500 (^GSPC) closes just a hair below its flatline, but still above 5,200, while the Nasdaq Composite (^IXIC) ends the day 0.29% higher. Market Domination Overtime Host Julie Hyman checks out the day's market performance after a post on X (formerly Twitter) by user Roaring Kitty sparked a meme stock rally. Yahoo Finance Senior Markets Reporter Jared Blikre also joins the show to examine sector laggards and the gains seen across top meme stocks, like GameStop (GME) and AMC Entertainment (AMC). 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 Luke Carberry Mogan. CPI expectations, GameStop stock, EV slowdown: Catalysts On today's episode of Catalysts, host Seana Smith is joined by various guests to provide insightful perspectives on inflation outlooks, earnings results, and the evolving landscape of electric vehicle (EV) adoption. Kicking off the show, Yahoo Finance's Josh Schafer joins the discussion to break down expectations for the upcoming monthly Consumer Price Index (CPI) report for April, scheduled for release on Wednesday. This report will offer a crucial glimpse into the ongoing fight against inflation. Following the inflation outlook, the show delves into stock reactions to earnings results from prominent companies such as GameStop (GME), Kenvue (KVUE), and Intel (INTC). As retail giants Home Depot (HD) and Walmart (WMT) gear up to release their earnings this week,HSBC US Consumer Staples Senior Analyst Daniela Bretthauer joins Catalysts to share her outlook on each company's stock and anticipated earnings performance. Closing out the show, Blink Charging CEO and President Brendan Jones, discusses the company's impressive profit jump in the first quarter, despite an ongoing slowdown in the EV sector. This post was written by Angel Smith Analysis-Hopes for 'soft landing' at stake as investors await US inflation data Investors’ newfound optimism on the U.S. economy faces an important test on Wednesday, with consumer price data set to show whether the soft landing hopes that have fueled recent gains in equities are justified. Many of those moves have been driven by rekindled hopes that the Federal Reserve can pull off an economic soft landing, where it is able to cool inflation without badly hurting growth and eventually transition to cutting interest rates. Still, while Fed Chairman Jerome Powell has downplayed the potential for rate hikes this year and recent data showed cooling in the labor market, the soft landing scenario is by no means a foregone conclusion. Rate cuts thrown into doubt by US inflation jump US wholesale prices accelerated last month, according to fresh US government data, rising by more than expected and raising concerns about interest rate cuts. US Equity Indexes Mixed as Investors Weigh Producer Price Inflation Ahead of CPI US Equity Indexes Mixed as Investors Weigh Producer Price Inflation Ahead of CPI Warren Buffett Believes In S&P 500 Index Funds - But Are They Really Worth It? Warren Buffett, the legendary investor and chairman of Berkshire Hathaway, has been a long-standing advocate of safe investment options. The majority of his wealth comes from investments in different industries, while his total equity portfolio is ... US Benchmark Stock Indexes Mixed as Investors Evaluate Producer Price Inflation US Benchmark Stock Indexes Mixed as Investors Evaluate Producer Price Inflation European Equities Close Mostly Higher in Tuesday Trading; Anglo American Plans Overhaul in Face of BHP Takeover Bid European Equities Close Mostly Higher in Tuesday Trading; Anglo American Plans Overhaul in Face of BHP Takeover Bid GLOBAL MARKETS-Stocks edge up, dollar down as PPI, Powell comments digested Global stock indexes were slightly higher and the U.S. dollar index was lower on Tuesday as investors digested stronger-than-expected U.S. producer prices data and also comments from Federal Reserve Chair Jerome Powell on inflation. U.S. producer prices rose more than expected in April amid strong gains in the costs of services and goods, indicating that inflation remained elevated early in the second quarter. ETFs to Tap as Investors Turn Most Bullish Since November 2021 Expectations of interest rate cuts have made investors the "most bullish" since November 2021. We have highlighted five ETFs that could be compelling ways to tap this view. US STOCKS-Wall St edges up after 'mixed' producer inflation data, all eyes on CPI Wall Street's main indexes inched up on Tuesday as investors assessed a mixed producer prices reading and awaited crucial consumer prices data due later this week that could provide more clarity on the interest rate path in the world's No.1 economy. U.S. producer prices increased more than expected in April amid strong gains in the costs of services and goods, leading traders to pare back bets of a first rate cut in September. "Investors are looking backwards at some of the revisions of PPI and saying, well, that wasn't all that bad, but you still wind up with a fairly hot number," said Paul Nolte, portfolio manager at Kingsview Asset Management. AI Explosion Sets Sleepy Utility Stocks On Fire As Sector Leads Market The utilities sector has been among the best performing sectors in the S&P 500 year to date as demand for energy from data centers drives growth. The PPI Has Some Good News For The Fed; S&P 500 Rises Ahead Of CPI Producer price index and consumer price index data both feed into the key Federal Reserve inflation rate. EMERGING MARKETS-Most Latam FX inch up in lead-up to U.S. inflation hurdle * Brazil's Hapvida jumps after higher Q1 profit * Argentina April CPI awaited * Both Latam stocks and FX indexes flat By Shashwat Chauhan May 14 (Reuters) - Most Latin American currencies treaded higher on Tuesday with Brazil's real amongst top gainers, while focus shifted to U.S. inflation data which could dictate market perception of the Federal Reserve's interest rate outlook. Brazil's real gained 0.3% against the dollar after minutes from the Brazil central bank's last policy meeting showed the members who voted for a larger interest rate cut last week supported the view that it was appropriate to adhere to the previous guidance for a 50-basis-point reduction. Mexico's peso slipped 0.3%, while Peru's sol also shed 0.4%. Market Awaits CPI Data Due Wednesday Market Awaits CPI Data Due Wednesday PPI Shows Higher Wholesale Inflation; Meme Stocks Rule (Again) Certain Producer Price levels are the hottest we've seen in a year. Speaking of hot, have you seen SPWR, GME and AMC this morning? Analysts Continue to Increase Nvidia's Price Target Prior to Earnings Nvidia continues to dominate the artificial intelligence market.
