HPE earnings: CEO Antonio Neri talks results & Juniper deal
Hewlett Packard Enterprise (HPE) reported fiscal second quarter results that topped Wall Street estimates on both the top and bottom lines. In the video above, HPE CEO Antonio Neri discusses the company's quarter, layoffs, and the Department of Justice's bid to block its acquisition of Juniper (JNPR).
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
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Nasdaq, stocks close week higher on top of positive jobs report
US stocks (^DJI, ^IXIC, ^GSPC) close Friday's trading session in positive territory, the Nasdaq Composite index leading gains and rising over 1.2%. All three of the major market indexes closed out the first trading week of June with weekly gains. Market Domination Overtime's Julie Hyman and Yahoo Finance markets and data editor Jared Blikre recap the day's market and sector moves on the backdrop of the May jobs report release this morning. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. That is the closing bell on Wall Street on this Friday. Now, it's time for market domination overtime. Jared Blickre going to be along in a moment to get us up to speed on the action from today's trade. I'm going to start with major averages finishing here higher for the day. All three major averages after we got a jobs report this morning that was okay. Okay enough to satisfy most investors here coming in with a gain of 139,000 jobs last month. Unemployment rate at 4.2%. All of that equaling higher stocks and higher bond yields as well. The Dow up 443 points on the day, a little more than 1%. The S&P 500 up a percent on the day as well. And the NASDAQ composite up 1 and a quarter percent. Now, as Josh pointed out earlier today, there was a headline that crossed late in the afternoon that the US was going to be having a phone call with London just on forwarding those trade talks. That didn't seem to make much of a dent, even though we know that this is a market that has been hungry for trade positive trade headlines. Uh so we'll see if we get some in the next few weeks as we get closer to some of the next deadlines when it comes to expiration of pauses and tariffs and such. Jared's got a closer look at today's action. Thank you, Julie. At the end of the day, at the end of the week, we are up. And I think that is welcome news for traders. Another potential catalyst, maybe even a negative one, behind us. And the net result today is a bit of risk on action. You can see that in the NASDAQ behind me that Julie was just looking at. Here's the five-day total up about 2.18%. Here's the S&P 500, a bit lower, 1 and a half percent, and the Dow below that. Still looking at gains of about 1.17%. And the Russell 2000, actually the leader of the group, up over 3% here. So nice showing for the small caps. And I was also checking out the VIX just now, dropped to a 16 handle. This is the lowest. I'm going to put a year-to-date chart on. This is the lowest we've seen since 221, February 21st. That was two trading days after that 219 high. And that was the ultimate high, the record high of the of the market. And so interesting to note that. Here is the ICE BofA move index. This is like the VIX of the bond market. And not quite as low relatively as the VIX, but still heading in the right direction, which is down. We did see yields pop today. And this is something I'm going to be watching closely next week. We got the 10-year above 4 and a half percent and the 30-year almost at 5% yet again. It's up eight basis points today. That's quite a bit. We do have a big set of auctions next week. Tuesday, Wednesday, Thursday, we got the threes, the tens, and the 30s. And so there's going to be a lot of eyes on the bond market. If we get some weak foreign buyers there, some weak interest, well, we could see risk markets take a little bit of a tumble. But what I like today, US dollar index was also up. So the sell America theme, not it today. Uh and let's check out the sector action first, and we'll get back to the NASDAQ. The energy sector was leading today up about 1.9%, followed by consumer discretionary, communication services, financials. All four of these outperforming the S&P 500. Tech next up on the on the final or on the upper row. That was up about 1%. Everything in the green there, you can see. And here's the NASDAQ. Tesla bouncing back, uh 3.67%. I think Tesla investors will take that. Broadcom taking a little bit of a tumble here. That's Tesla. Broadcom down 5%, but it was hitting record highs just a few days ago. Alphabet up 3% and a lot, lot more red, or a lot more green than red. And let's check out the final tally on the Dow. Then I'll send it back to you. Just a few staples and consumer discretionary stocks in the red here. Looks like an industrial as well with 3M, Walmart, Home Depot, McDonald's, Sherwin Williams. But for the most part, looking at a lot of green today. Sign in to access your portfolio
Yahoo
an hour ago
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How Trump's targeting of int'l students stunts global innovation
US President Trump has attempted to curb Harvard University's acceptance of international students. Stanford Venture Capital Initiative founder Ilya Strebulaev, who is also a private equity and finance professor at the Stanford Graduate School of Business, joins Market Domination Overtime to discuss the impact this has on the startup space and US innovation. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
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Elon Musk & Tesla recap: Why the damage will take time to undo
Tesla (TSLA) stock moved to the upside in Friday's trading session in an attempt to claw back the $153 billion in market cap that was wiped out in connection to CEO Elon Musk's fallout and feud with President Trump. Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber characterized this very public spectacle as "a disaster of epic proportion for Tesla and SpaceX" in an interview with Yahoo Finance on Thursday. Additionally, Steve Clemons, Washington Note founding editor at large, explains why the rift between Musk and Trump appears very "permanent." Yahoo Finance Senior Reporter Allie Canal joins Market Domination Overtime with Josh Lipton and Julie Hyman to recap Tesla's sharp stock moves this week. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Well, it has, of course, been a wild 24 hours of drama between Tesla CEO Elon Musk and President Donald Trump. Tesla stock closing down more than 14% yesterday before climbing back some of those losses today. For more, we're bringing in senior reporter Ali Kanal for the Yahoo Finance investor playbook. All right. It's been that 14% stock drop on Thursday, eliminating $150 billion from Tesla's market cap. But we did see somewhat of a rebound today, but many investors and analysts out there are still warning that the damage, both to Tesla stock and Musk's credibility, could take much longer to undo. The selloff came after Musk slammed President Trump's controversial spending plan, calling it quote "a disgusting abomination." Now, remember, these two were allies, confidants, some might say even friends. Almost a year ago now, Musk publicly endorsed Trump after the attempted assassination in Butler, Pennsylvania, appearing at rallies, pledging millions to a pro-Trump super PAC, and later joining the Trump administration as head of the Department of Government Efficiency or Dodge. Musk exited that role last month, claiming he helped cut billions in government waste. But now the billionaire is turning on the president, and investors are paying the price. Here's what we heard from some Wall Street watchers, who also happen to be Tesla shareholders. This is a disaster. I I I've been of epic proportion, you know, for Tesla and SpaceX and you know, whether Elon wants to accept it or not, he did help Trump get elected. It is his fault that Trump is President of the United States, and this is now a showdown, and this, you know, as a shareholder, couldn't be worse. So the closeness between these two men, um, I think, uh, is something that, uh, needed to change a little bit, right? The reality is, I think cooler heads prevail. The political noise and the, uh, the other volatility is, is more short-term in nature, at least as far as I see it. So two very different viewpoints there on where this feud could be heading and what it might mean for Tesla stock. And as analysts start to weigh in on all this drama, we did see Morgan Stanley's Adam Jonas reiterate his outperform rating. He's also holding firm with that $410 price target on shares, saying that the real opportunity for Tesla lies well beyond EVs, pointing to long-term upside in AI, autonomy, and yes, even space. But with that tax bill still in play, which would strip away the EV tax credits Tesla has relied on, investors may need to buckle up for a lot more volatility ahead here, guys. So I don't think we're going to see the end of this saga anytime soon.
