Look for S&P 500 rally to continue into mid-July, says chart analyst
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Yahoo
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Trading day takeaways: Nvidia record, US dollar moves, oil pops
The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) closed Monday's trading session at fresh record highs. Meanwhile, Yahoo Finance Markets and Data Editor Jared Blikre joins Asking for a Trend to share his takeaways from the trading day: Nvidia's new record, moves in the US dollar (DX=F), and crude oil prices (CL=F). To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Related videos How to qualify for two state pensions – and get increases for life Labour's farm tax architect calls for fresh capital gains raid 15,000 family businesses could collapse in pensions tax raid How to retire to Spain – and stop the taxman raiding your wealth Sign in to access your portfolio
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22 minutes ago
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Why Opendoor Stock Plummeted by Almost 8% on Monday
Key Points The company delayed a shareholder vote about its equity until August. It is considering a reverse stock split -- often not a good sign. 10 stocks we like better than Opendoor Technologies › Investors eagerly shut the door on real estate transaction platform developer Opendoor Technologies (NASDAQ: OPEN) on Monday. They didn't take kindly to news of an important vote on the company's future, and sent the share price down by almost 8% on the day. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) flatlined across the session, indicating that many other stocks would have been better pickups. Decision delayed Well before market open, Opendoor announced it was to adjourn the special stockholder meeting scheduled for that day. That convocation was intended for a vote on two proposals to effect a reverse stock split of the company's equity. The meeting was rescheduled for this coming Aug. 27. Opendoor investors are being polled on a pair of separate reverse-stock split plans. In its press release on the adjournment, the company stressed that approval of either won't necessarily mean ratification. In its words, "an approval would provide the company's board of directors with an option to pursue a reverse stock split only if the Board believes it is in the best interests of Opendoor and its stockholders, which includes seeking to ensure that Opendoor remains listed on Nasdaq." Nasdaq requires the closing prices of the stocks listed on its exchange to not fall below $1 per share for 30 consecutive days. Opendoor can fall back in compliance if its shares trade above that level for 10 trading days, at minimum, by Nov. 24 of this year. Doing the minimum Reverse stock splits are a common tool used by companies that find their shares underwater, i.e., below those minimum price stipulations. Although they aren't always a sign of a business in trouble, they are certainly not encouraging for shareholders or other folks who might otherwise be interested in the stock. Personally, I'd avoid Opendoor until it can right the ship with its equity. Should you invest $1,000 in Opendoor Technologies right now? Before you buy stock in Opendoor Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Opendoor Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 28, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Nasdaq. The Motley Fool has a disclosure policy. Why Opendoor Stock Plummeted by Almost 8% on Monday was originally published by The Motley Fool
CNBC
24 minutes ago
- CNBC
Stock futures are little changed after S&P 500 ekes out another closing record: Live updates
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 11, 2025. Jeenah Moon | Reuters Stock futures were relatively unchanged on Monday on the heels of the S&P 500 and Nasdaq Composite eking out yet another record despite a market rally failing to materialize. S&P 500 futures traded up 0.1%, along with Nasdaq 100 futures . Futures tied to the Dow Jones Industrial Average hovered around the flatline. The moves come after the S&P 500 and the Nasdaq Composite hit new all-time and closing highs during Monday's trading session, just barely seeing gains. It was the 15th record close for the broad market index in 2025. Both indexes had hit multiple intraday and closing highs last week following the latest earnings results and trade developments. The S&P 500 ultimately finished the day just above the flatline, while Dow Jones Industrial Average ticked down by 0.1%. The Nasdaq ended 0.3% higher, by contrast. The broad market index's initial moderate gains earlier in the day followed President Donald Trump's announcement Sunday that the U.S. has struck a trade deal with the European Union, an agreement that will impose 15% tariffs on most goods imported from Europe, including automobiles. The president also said Monday that the baseline global tariff rate will be "in the range of 15 to 20%." While investors effectively looked past the U.S.-EU trade deal, they will be watching for any other potential deals between the U.S. and other countries, such as China, to be announced by Friday's tariff deadline. Top U.S. and Chinese officials met in Stockholm Monday for another round of trade talks. Tariffs and inflation will remain a focal point throughout the week in other areas as well. The Federal Reserve is set to offer its decision on interest rates Wednesday following its two-day policy meeting. Central bank policymakers are widely expected to keep rates steady at a range of 4.25% to 4.5%. This week also marks the busiest week of earnings season, with more than 150 S&P 500 companies due to report. That includes several "Magnificent Seven" companies, namely Meta Platforms and Microsoft slated for Wednesday as well as Amazon and Apple for Thursday. Additionally, UPS , Procter & Gamble , Merck and Boeing are among several names reporting before the bell Tuesday. "If we get no surprises in earnings and some dovish comments by the Fed, it's likely we'll see yet more new highs by the end of the week," Louis Navellier, founder and chief investment officer at Navellier & Associates, said in a recent note. As it stands, 170 S&P 500 companies have reported their quarterly results, and more than 83% have beaten expectations, according to FactSet data. It's a big week for data, with the Job Openings and Labor Turnover Survey (JOLTS) due Tuesday, the ADP private payrolls report Wednesday and weekly jobless claims Thursday. July's nonfarm payrolls due Friday will be a key event for traders. Economists polled by Dow Jones expect the report to show 100,000 jobs added in July, less than the 147,000 added in June. The unemployment rate is anticipated to rise slightly to 4.2% from 4.1%.
