IBM all-time high, Universal Health falls, Topgolf Callaway rises
Market Domination co-host Yahoo Finance host Julie Hyman tracks today's top moving stocks and biggest market stories in this Market Minute.
IBM (IBM) stock hit an all-time high and surpassed a $250 billion market cap.
Universal Health Services (UHS) stock is under pressure after the company presented at the Goldman Sachs Global Healthcare Conference.
Topgolf Callaway (MODG) stock is surging after a board member purchased $2.5 million in shares last week.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
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Yahoo
17 minutes ago
- Yahoo
S&P 500 could push even higher by end of year: Chart of the Day
The S&P 500 (^GSPC) is inching closer to record highs after recovering losses tied to tariff fears. Yahoo Finance anchor Julie Hyman joins Asking for a Trend in today's Chart of the Day to go over different analysts' year-end targets for the index and to explain why investors are eyeing 6,144 as the next key level for the S&P 500. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. In today's chart of the day, we are keeping it straightforward. We are once again approaching the record high for the S&P 500 to see just how close. That's what I wanted to illustrate here today. So here we're just looking at a very straightforward uh year-to-date chart of the S&P 500. We're up a little bit on the year, but really not much changed. What's important here is the clawback that we have seen from the depths here uh where we saw tariff related losses. And because, as many investors have said to us, the worst case scenario of the most onerous, the highest tariffs on our trading partners, seems as though that worst case has been removed, at least for now. That is what has allowed stocks to rally from here. So here was the record high for the S&P 500 that was back on February 19th specifically. Since then to today, we see about a 2 and a quarter percent decline. So we're about 2 and a quarter percent from that record high level. Um and many of the investors, strategists that we've been speaking with, even as recently as today, have said they are optimistic. We could push higher from here. It's going to depend on things like getting those trade deals further down the line, seeing what happens with the tax bill that is making its way through Congress, and what does the Fed do next? Is it indeed going to cut rates once or twice before the end of the year? So those are the various things that investors are watching most closely here. In terms of where strategists are for year end for the S&P 500, there is a wide, wide dispersion that has remained in place really throughout the year. Wells Fargo at 7,000, I don't even know where that would be on this chart somewhere up there. And then the lowest uh estimate on the street is with Stifel Nicholas. That's at 5,500, so around here or so. So very broad range of outcomes. If you look at the median of those outcomes, you get 6,100, which is just a little bit above where we are today, and obviously would imply a new record for the average. So what's interesting about that 6,100, that median, is that since we saw the sort of tariff pause with China, many of those uh forecasts have been increased. The likes of Ed Yardeni at Yardeni Research, Goldman Sachs, Deutsche Bank, City and Barclays have been raising their forecasts. Remember, they many of them cut as we saw those worst case scenarios being baked in, and then they raised when it looked like that that was removed. But when we're talking what to watch here, 614415, that was the closing record on February 19th. That is the next number to watch, Josh. Thank you, Julie.
Yahoo
18 minutes ago
- Yahoo
This was the 'biggest surprise' of Apple WWDC, and it isn't AI
Apple (AAPL) CEO Tim Cook delivered the keynote at the company's 2025 WWDC, unveiling changes to the iPhone maker's software system, iPad advancements, and some updates on artificial intelligence (AI). Creative Strategies CEO and principal analyst Ben Bajarin joins Market Domination with Josh Lipton to share his takeaways from the event. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Apple's big software show, Ben, it kicked off today. You were listening. What did you make of what you heard, Ben? Did you hear anything that surprised you? Yeah, I mean, I think the biggest surprise, obviously, as you guys pointed out was the, uh, the iPad update. Um, I think a lot of people have been looking for, what we'll just say, more pro-level features to the iPad. So that's things around multitasking, um, some of the better file management. I mean, you know, candidly, I think people wanted iPad to be more like a Mac, and I think that's really what they did. Um, now you've got this sort of multimodal opportunity. Use the best of iPad, have some of those Mac features built in to do a lot more productivity or even, even heavy work versus light work, right, which has sort of been the, the debate. Um, wasn't really surprised about any of the, the, the larger UI schemes. Um, and I think there was just more clarity here around where Apple's priorities are in terms of eliminating friction, making these features more helpful. And, and I thought, well, yes, not really a whole lot around kind of the front end of AI. So like how you'd interact with it. There's a lot of back end of AI that's happening from Apple. I think they've been talking about this for years, just not saying it's something like Apple intelligence. And at a fundamental level at exposing what's useful or making AI useful at a system level and then for developers is kind of the theme where I think we're, we're now at that foundation that they'll build upon that type of a strategy, you know, from a back end at a system level. Ben, all of this sounds pretty incremental, right? Not necessarily, um, retail customer facing to your point. Does this move the needle at all in terms of our refresh cycle? I mean, I think the refresh cycles is just going to stay standard like it is. I don't think we're going to see a fundamental change to any of those forecasts or any of this kind of pull in. Um, you know, again, I think the dynamic between iPad as a productivity device, even its opportunities in enterprise, they obviously sell, you know, north of 10 million, you know, plus iPads, um, per quarter. That's, that's a good unit volume. I think, you know, expanding that, making it more attractive across the vector, uh, will be super interesting to see when it comes to hardware sales. Um, but we're, we're still not expecting, and I didn't expect any of this to change our opinion of, um, you know, just the refresh cycle staying as it is, iPhones relatively flat. Um, you know, we, we don't really see that changing, and to be honest, like we've talked about before, I'm not sure we ever see kind of this upgrades, you know, super cycle, like we have before AI or, or not. So what, what, Ben, if, if you don't get that super cycle, what drives this stock higher? What gets investors excited? I mean, I think there's a combination of the device categories that they're in, right? So I think looking at other areas, I've always been bullish on Mac in the enterprise. I think they have a lot of upside there. I, I'm now more, you know, bullish on iPads opportunity or iPad Pro, which was a small volume of overall iPad shipments to, to go into that pro category. So I think there's ancillary hardware. I think there comes a time, right? We're just not there yet where they're setting the stage and this foundation leads to what they'll do with AR, VR, whatever we want to call that category smart AI glasses. Um, we're just not there yet, but as why I come back to the foundation that's being laid for the next 10 years, uh, both software and hardware. And I think you're seeing some of those seeds right now be planted in, in these new versions of the, the software for the platforms. 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
19 minutes ago
- Yahoo
Small caps soar, CPI data on deck, bitcoin: Market takeaways
Yahoo Finance Markets and Data Editor Jared Blikre joins Asking for a Trend to go over three takeaways from the trading day: the surge in small-cap stocks, what to expect from the markets after the Consumer Price Index (CPI) report is released on Wednesday, and bitcoin's (BTC=F) record high before returning to its normal trading range. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Well, the S&P 500 Nasdaq closing the day higher amid optimism over trade talks between the US and China. And Yahoo Finance's Jared Blikre joins us now with the trading day takeaways. Jared. Thank you, Josh. We got to start with the small caps because the majors didn't do a whole lot today, but the small caps have been soaring the last two days, and we've got a bit of a breakout that I want to chart for you. I'm going to start with the Russell 2000 here. This is a two-day look, and you can see it's up 2.25%. And here is a year-to-date chart. And you can see here, I've been drawing this for a number of days, and we have an inverse head and shoulder pattern right here. So we've just broken above, and just based on the measured move, we could travel this distance here, and that might take us, let's see, let's go to the six-year chart. And, uh, yeah, that could very well take us to a new record. So we'll have to see if that comes about. We need a catalyst, uh, but nevertheless, that's what I'm looking for. Also, just before we go, I wanted to show what was happening in Ark Innovation Fund because speaking of small caps, and this is a fund that has a lot of small cap members, or mid cap too. That has been up 10.73% over the last two days. Here's the year-to-date look, and you can see it has broken out of this consolidation too. We've seen a number of breakouts. These just happened to be the latest that we've seen over the last few weeks and maybe some to go. I bet some viewers are wondering, Jared, and we've been asking strategists on the show today, what is the next big potential catalyst for this market? You say what? Hard data on deck. We're looking for CPI, and I did a segment with this chart earlier today. So I'm going to break it down real quickly, but you can look for that segment on This goes back. This chart goes all the way back to the beginning of the bull market, uh, 10 of 22, so October of 2022. I'm looking at the green line here, and this stair step just tracks the market reaction to CPI. And you can see here the white line, by the way, is the S&P 500. And then right around the tariff trouble that we had in April, we had a huge drop, and I think it was just exacerbated by all the uncertainty. Uh, but I think it's going to be really interesting to track whatever happens this Wednesday. And, uh, potentially, you know, CPI has been a big market leader, and we'll have to see if that, uh, is a leader again to the upside or the downside. Also want to mention that, uh, I had the chance to sit down with Sam Ro today, and this is an episode of Stocks in Translation that breaks tomorrow. And we were talking about the hard data versus the soft data. Let's take a listen. There's different ways to measure, you know, value in your lives, or happiness, and all this kind of stuff. Um, but from an investor's standpoint, um, things tend to gravitate toward back toward those fundamentals. And those fundamentals are driven by what people actually do, and what businesses actually do. And for now, at least, businesses are actually still investing in their businesses and consumers are still going shopping. So it seems there's lots of complaints and lots of uncertainty, but nevertheless, the hard data show is still showing there's a lot of strong things happening in the US economy. What other markets on the Jared Blickrey radar right now? Guess what I'm going to put up there? Bitcoin, the double bluff. And I got to chart this one because I've been saying for a long time that Bitcoin is famous for its fake outs both to the upside and to the downside. And it seems we might have had a few fake outs recently. So that has that has to do with the double bluff comment that I was just making. Here is the year-to-date chart. So we just here are the old record highs. We just broke to new records right here, and then it looked like we had a breakdown here. And so I was calling this a fake break to the upside. But now we have surged right back into this old trading range. And so this is looking like a false breakdown. I think it's an easy bet that we get back to these record highs now because check out the price action over, let's do the last four days. This will cover the weekend too. Up 6.71%, so that's pretty good. But I haven't seen the most participation from some of the other markets. I'm going to show you the one month on our whole heat map here. If I show you the equal weighted view, we don't have a lot of leadership. And leadership is something that I want to see, and breadth is something I want to see with some of the other coins. And just real quickly, here is Ethereum. I'm going to show you the year-to-date on Ethereum. We've had a nice couple days, but Ethereum's still stuck in a range. So until something, some major catalyst, uh, kind of propels everything up, I think Bitcoin is just going to kind of meander around record highs, and I wouldn't get too excited about it just yet, but we'll have to see. So you're saying a fake out followed by a fake out. Yeah, yeah, why not? Yeah, I like that. Thank you, Jared. Appreciate it. You got it. 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