Retail Traders Buy Into Tariff Rout, Snapping Up Tech Favorites
One of the worst days for US stocks since 2022 looks like a buying opportunity for the retail traders who have been among the market's biggest bulls in recent years.
Small investors piled into many of their favorite assets, including Nvidia Corp. and the exchange-traded fund Vanguard S&P 500 ETF, as they bet that the market's latest tumble will provide another contrarian opportunity for long-term gains, according to data tracking the users of Fidelity Investments' brokerage.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Wall Street Journal
5 hours ago
- Wall Street Journal
Advanced Micro Devices Sets Sights on Nvidia in AI Race
Advanced Micro Devices wants to go head-to-head with Nvidia. Wall Street is split on whether AMD will succeed. The chip maker at its Advancing AI event on Thursday said it can meet surging demand for artificial-intelligence hardware, positioning itself as a realistic alternative to Nvidia, which has emerged as one of the world's most valuable companies thanks to its dominance in AI chips.
Yahoo
6 hours ago
- Yahoo
Stock Market News for Jun 13, 2025
U.S. stock markets closed higher on Thursday as market participants weighed the outcome of the U.S.-China trade talks. A softer-then-expected key inflation data and a weak labor market data bolstered investors' sentiment. All three major stock indexes ended in positive territory. The Dow Jones Industrial Average (DJI) rose 0.2% or 101.85 points to close at 42,967.62. Notably, 19 components of the 30-stock index ended in positive territory and 11 finished in negative zone. The tech-heavy Nasdaq Composite finished at 19,662.48, advancing 0.2% due to strong performance of technology bigwigs. AI-based semiconductor giants like NVIDIA Corp. NVDA and Broadcom Inc. AVGO rose 1.5% and 1.3%, respectively. Both stocks currently carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The S&P 500 gained 0.3% to finish at 6,045.26. Wall Street's most observed benchmark is currently less than 2% away from its all-time high. Seven out of 11 broad sectors of the broad-market index ended in positive territory while three in negative zone and one remained unchanged. The Utilities Select Sector SPDR (XLU) and the Technology Select Sector SPDR (XLK) rose 1.2% and 0.9%, respectively. On the other hand, the Communication Services Select Sector SPDR (XLE) fell 0.8%. The fear-gauge CBOE Volatility Index (VIX) was up 4.4% to 18.02. A total of 23.5 billion shares were traded on Thursday, higher than the last 20-session average of 18 billion. The S&P 500 recorded 12 new 52-week highs and 3 new 52-week lows. The Nasdaq registered 54 new 52-week highs and 63 new 52-week lows. The United States and China reached an agreement for trade and tariffs in London. U.S. Commerce Secretary Howard Lutnick said 'We have reached a framework to implement the Geneva consensus and the call between the two presidents.' This was echoed by Li Chenggang, China's international trade representative and a vice minister at China's Commerce Ministry. President Donald Trump said that the deal with China is 'done, subject to final approval with President Xi and me.' U.S. was seeking confirmation that China would restore critical mineral (rare earth) exports. Beijing protested against the U.S. Commerce Department's warnings to U.S. chipset manufacturers against using Chinese semiconductors. On May 12, the United States and China have decided to for a 90-day pause of tariff implementations. The Department of Labor reported that initial claims remained flat at 248,000 for the week ended Jun 7, higher-than the consensus estimate of 246,000. Previous week's data was revised marginally upward by 1,000 from 247,000 reported earlier. Continuing claims (those who have already received government aids and reported a week behind) increased 54,000 to 1.956 million. This is the highest level for insured unemployment since Nov 13, 2021. Previous week's data was revised downward by 2,000 to 1.904 million. The Department of Labor reported that the producer price index (PPI) increased 0.1% in May, less-than-the consensus estimate of 0.2%. The metric for April was revised upward to a decline of 0.2% from a drop of 0.5% reported earlier. Year over year, PPI increased 2.6% in May. Core PPI (excluding volatile food and energy items) increased 0.2% in May, less-than-the consensus estimate of 0.3%. The metric for April was revised downward to 0.3% from 0.4% reported earlier. Year over year, core PPI increased 2.7% in May. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
6 hours ago
- Yahoo
From Panic to Peak: Markets Nearly Erase Trade War Losses
Just two months ago, the stock market was reeling. The S&P 500 had plunged nearly 20% from its highs, rattled by an escalating global trade war. The Nasdaq-100 fared even worse, falling more than 22%. Bear-market talk was everywhere. Today, investors are scanning the horizon—not for more pain, but for fresh all-time highs. The Vanguard S&P 500 ETF (VOO) is now less than 2% below its record high, while the Invesco QQQ Trust (QQQ), which tracks the Nasdaq-100, is down just 1% from its peak. It's a stunning turnaround few would've predicted back in April, when markets hit their low point amid fears that President Donald Trump's sweeping tariffs—slapped on trading partners including Canada, Mexico and, eventually, the rest of the world—would tip the U.S. economy into recession and stoke inflation. On April 8, the S&P 500 briefly fell into bear market territory on an intraday basis, dropping 20% from its February highs before closing the day down 18.9%. The Nasdaq officially crossed into bear territory, falling more than 22% from its highs. But the mood began to shift in May. President Trump announced a pause in the trade war, pulling back on the so-called "Liberation Day" tariffs and dialing down the severity of the duties. Markets responded immediately. At the same time, incoming economic data calmed investor nerves. Growth remained resilient, and inflation—far from surging—continued to drift lower. That rare combination of solid growth and cooling prices was just the recipe markets needed to rally. VOO, QQQ and other broad index-tracking ETFs have been leading the charge higher ever since, helped along by tech sector strength, earnings optimism and relief that the worst-case trade war fears didn't materialize. The S&P 500 last hit an all-time high on February 19, buoyed by optimism over Trump's deregulatory and pro-business agenda. While that optimism was quickly overshadowed by trade tensions, investors are now revisiting the bullish case. Markets haven't yet broken through to new highs, but they're knocking on the door. And if the current momentum holds, it may not be long before the headlines shift from 'trade war turmoil' to 'bull market breakout.'Permalink | © Copyright 2025 All rights reserved 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
