Asian shares advance, tracking rally on Wall Street
Investors appeared to have recovered some confidence after worries over how President Donald Trump's tariffs may be punishing the economy sent a shudder through Wall Street last week.
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CNBC
8 minutes ago
- CNBC
Friday's big stock stories: What's likely to move the market in the next trading session
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here's what CNBC's producers were watching in Thursday's session and what's on the radar for Friday. UnitedHealth Group Some big names have piled into this health-care giant over the last several weeks, according to 13F filings compiled and reported on this evening by CNBC's Leslie Picker. She will have a lot more on "WorldWide Exchange" and "Squawk Box" Friday morning. David Tepper's Appaloosa Management bought the stock. So did Warren Buffett 's Berkshire Hathaway . And Scion Asset Management's Michael Burry , of "Big Short" fame, bought call options, hoping the stock is going higher. Shares are up 10% after hours. UnitedHealth has had a rough go in the market, and of course, outside of the market. Shares are down 46% so far year to date. The stock is 57% from the November 2024 high. It is by far the worst performing stock in the Dow 30 in 2025 and in the 12-month period. Top-rated analyst Lisa Gill of JP Morgan will weigh in with her first thoughts on the stock tomorrow morning with Frank Holland on "Worldwide Exchange," which starts at 5 a.m. ET. Gordon Gekko used to like to say, "money never sleeps pal." UNH YTD mountain UnitedHealth Group shares year to date Intel Bloomberg is reporting that the White House is considering making a direct investment in the stock. Intel was up 7% today on the news, it is up an additional 3% after hours. Intel is up 19% so far in 2025 but the stock is about 13% from its February high. This was a $68 stock back in 2021. It's now trading around $24. Full coverage continues tomorrow morning. INTC YTD mountain Intel shares year to date. Housing in the USA Noted analyst Ivy Zelman will join "Squawk Box" with Joe Kernen and Andrew Ross Sorkin in the 8 a.m. hour. There's a ton of issues including a shortage of homes to buy, high prices, a lack of places to move to — all of which ties up the market. Mortgage rates and local rules are also issues the builders say are holding them back. Zelman will go through the list with us and look at the stocks. The SPDR S & P Homebuilders ETF (XHB) is 10% from its November high. It is up 11.5% so far in August. A lot of the big names are up big in August. Hovnanian is up 31% in August, but it's still 35% from last summer's high. Lennar is up 16% in August, and it's 30% from its September 2024 high. Pultegroup is up almost 14% in August, and is 14% from its October high. Taylor Morris Home is also up about 15% in August, and is 10% from the November high. Toll Brothers is up 11% in August, and is 23% from the November high. NVR is up more than 8% in August, putting it 18% from its October high. Uranium and Rare Minerals As President Donald Trump heads to Alaska to meet with Russian President Vladimir Putin, the Global X Uranium ETF (URA) is up 39% in three months. The ETF is 7.5% from its mid-July high. It is up about 80% since Russia invaded Ukraine in 2022. The VanEck Rare Earth and Strategic Metals ETF (REMX) is up 46% in 2025. The Sprott Critical Materials ETF (SETM) is up 40% so far this year. Full coverage of the president's mission begins on "Squawk Box" in our 6 a.m. hour.
CNBC
10 minutes ago
- CNBC
Asia markets set to open mixed as investors await key economic data in the region
Asia-Pacific markets are expected to trade mixed as investors await a slate of Chinese economic data later in the day, as well as Japan's second-quarter GDP. Happy Friday from Singapore. Asia markets are set for a mixed open. Australia's S&P/ASX 200 was set to start the day marginally lower with futures tied to the benchmark at 8,838, compared with the index's last close of 8.873.8. Japan's Nikkei 225 was set to open higher, with the futures contract in Chicago at 42,795, while its counterpart in Osaka last traded at 42,770, against the index's last close of 42,649.26. Futures for Hong Kong's Hang Seng index stood at 25,316, pointing to a weaker open compared with the HSI's last close of 25,519.32. South Korean markets were closed for a holiday. — Lee Ying Shan The S&P 500 ticked higher on Thursday to eke out its third record close in a row. The benchmark added 0.03%, closing at 6,468.54. The Nasdaq Composite slipped 0.01%, finishing at 21,710.67. The Dow Jones Industrial Average shed 11.01 points, or 0.02%, and settled at 44,911.26. — Lisa Kailai Han In a Thursday interview with CNBC, economist Marc Sumerlin confirmed that he's in the running to be the next Federal Reserve chair. "I got a call last Wednesday that said there was going to be a list [and] I was going to be on it. That's as much as I know right now," he said. "I'm waiting for more guidance on where we go from here." Sumerlin also voiced his support for a big interest rate cut. The former senior economist under then-President George W. Bush said that a 50 basis-point rate cut "seems like pretty much a no-brainer to me." One basis point equals 0.01%, so a 50 basis-point cut would be half a percentage point. — Jeff Cox, Lisa Kailai Han Equities may have further upside from here, but investors should still be mindful of elevated volatility going forward, according to UBS. "While the VIX index of implied stock volatility has fallen to the lowest level since December last year, market swings could pick up quickly if trade tensions escalate significantly, economic data weakens faster than expected, or if geopolitical risks worsen," the bank wrote in a Wednesday note to clients. "Investors who are already allocated to equities in line with their strategic benchmarks should consider structured strategies with capital preservation features, while those underallocated should prepare to add exposure on potential market dips or consider a disciplined approach to phasing into stocks." UBS added that a "well-diversified portfolio" is suited for helping investors hedge against volatility while also setting them up for future gains. — Lisa Kailai Han
Bloomberg
10 minutes ago
- Bloomberg
Oil Steadies at End of Tepid Week With Eyes on Trump-Putin Talks
Oil was steady for the day and the week, with investors focused on the meeting between the US and Russian presidents later on Friday. West Texas Intermediate traded near $64 a barrel after jumping 2.1% in the previous session to offset losses earlier in the week, while Brent settled above $66 in thin trading. Vladimir Putin stepped up his charm offensive before the summit in Alaska, while Donald Trump has sought to dial back hopes for a breakthrough.
