Latest news with #AlexandraCanal
Yahoo
06-06-2025
- Business
- Yahoo
The biggest industry winners, losers after key labor data report
While the May jobs report saw an overall addition of 139,000 non-farm payrolls within the month, federal government roles declined by 22,000. Yahoo Finance senior reporter Allie Canal analyzes which industries saw the biggest job gains and losses in May, with the health care sector seeing an addition of 62,000 jobs. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. The bay jobs report showing 139,000 jobs added with unemployment holding steady at 4.2%. Our very own Alexandra Canal joining us now for a deeper dive into some of the numbers. Hey Alex. Hi Brad, yes, well, I want to start with government jobs, particularly federal employment. All eyes are on those layoffs from the Department of government efficiency, otherwise known as Doge. And for the month of May, we did see federal employment continue to decline down 22,000 since January. That sector of jobs down by 59,000. Again, as a reminder, employees who are on paid leave, or they're receiving ongoing severance, they are counted as employed in this establishment survey. So possibly, we are going to see more pain to come over the coming months and into the fall. And that's something that economists have been saying to us. And also economists have been telling us that federal spending cuts might have spillover effects into other sectors of the economy, such as state and local government employment in education, along with health care. But so far, we are not seeing that materialize. And I want to talk about health care because added 62,000 jobs in May, higher than the average monthly gain that we've seen over the past year. The bulk of those gains concentrated in hospitals, leisure and hospitality, also a standout here. Significant move to the upside, 48,000 jobs added, more than double its average monthly gain. This was largely in food services and drinking places. And with the summer season fast approaching, it's not totally a surprise that we saw that upward trend there. But I am curious if we see a consumer that potentially pulls back on their discretionary spend, maybe they don't go out, dine out as often, how that potentially could trickle through into the employment situation there. But so far, not seeing that just yet. And then finally, I do want to end on manufacturing, pretty much little change there. We saw a decline of 8,000 jobs. That was a bit more significant than what we saw in April, when employment in manufacturing declined by 1,000. Tariffs are something that could significantly weigh on the manufacturing sector. And we could see that in upcoming reports. And we know that June report is going to be coming at a time when potentially we could see the Trump tax bill be signed into Congress. We could also potentially have those reciprocal tariffs in play. So a lot to come in the months ahead. But so far this report showing that we have a pretty stable labor market right now. 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
02-06-2025
- Business
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq futures fall as US-China trade tensions flare up again
US stock futures pulled back on Monday after China added fuel to simmering trade tensions with the US, setting investors on guard as they turned the page on a bullish May. S&P 500 futures (ES=F) dropped roughly 0.6%, while those on the Dow Jones Industrial Average (YM=F) fell 0.5%. Contracts tied to the tech-heavy Nasdaq 100 (NQ=F) retreated 0.7%. China hit back at President Trump's claim that it has violated the Geneva tariff truce on Monday, blaming the US instead for failing to keep up its end of the deal. The mutual finger-pointing has undermined hopes for a revival of trade talks between the two top economies and stoked lingering trade uncertainty. Last week, a federal court struck down significant portions of Trump's duties, including sky-high levies on Chinese imports, only for a higher court to temporarily reverse that decision a day later, reinstating the duties while legal proceedings continue. The US dollar ( fell as markets assessed the shift in trade-war risks, with rising inflation and slowing growth in particular focus. Meanwhile, gold (GC=F) futures rose amid demand for safer assets, as Ukraine's dramatic drone strikes on Russia on Sunday added geopolitical worries to trade fears. In US stocks, the tepid start to June follows a standout May: The S&P 500 (^GSPC) rallied more than 6% in its best month since November 2023 and best May since 1990. The Nasdaq Composite (^IXIC) soared 9%, and the Dow (^DJI) notched a 4% gain. Tech stocks led the charge, as investor optimism around AI and resilient economic data fueled risk appetite. Against this backdrop, all eyes now turn to a critical slate of economic data this week — most notably the May nonfarm payrolls report due Friday, which will offer fresh clues on how trade frictions and interest rate expectations are shaping the broader US economy. Earnings season is almost wrapped, with results from CrowdStrike (CRWD), Broadcom (AVGO), DocuSign (DOCU), and Lululemon (LULU) the main points of interest in a smaller week of reports. Yahoo Finance's Alexandra Canal reports: Read more here. Stock markets in Germany and elsewhere are staging a world-beating rally, far outperforming the S&P 500 (^GSPC) this year as President Trump's trade-war push to boost US fortunes apparently backfires. Bloomberg reports: Read more here. Asian stocks fell on Monday, weighed down by escalating geopolitical tensions and fresh trade friction between the US and China. Hong Kong's Hang Seng Index (^HSI) led regional losses, sinking 2.2% as renewed sparring between Beijing and Washington spooked investors. Markets in mainland China were closed for a public holiday, but a doubling of steel tariffs to 50% due to take effect Wednesday is set to hit markets as they reopen Tuesday. Elsewhere in Asia, Japan's Nikkei 225 (^N225) declined 1.4%, South Korea's Kospi (^KS11) shed 0.3% and Australia's S&P/ASX 200 (^AXJO) edged down 0.2%. Yahoo Finance's Alexandra Canal reports: Read more here. Stock markets in Germany and elsewhere are staging a world-beating rally, far outperforming the S&P 500 (^GSPC) this year as President Trump's trade-war push to boost US fortunes apparently backfires. Bloomberg reports: Read more here. Asian stocks fell on Monday, weighed down by escalating geopolitical tensions and fresh trade friction between the US and China. Hong Kong's Hang Seng Index (^HSI) led regional losses, sinking 2.2% as renewed sparring between Beijing and Washington spooked investors. Markets in mainland China were closed for a public holiday, but a doubling of steel tariffs to 50% due to take effect Wednesday is set to hit markets as they reopen Tuesday. Elsewhere in Asia, Japan's Nikkei 225 (^N225) declined 1.4%, South Korea's Kospi (^KS11) shed 0.3% and Australia's S&P/ASX 200 (^AXJO) edged down 0.2%. 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
05-05-2025
- Business
- Yahoo
Netflix, Disney stocks slide as Trump threatens 100% tariff on foreign-made films
Netflix (NFLX), Disney (DIS) and other media stocks fell in pre-market trading Monday following President Trump's call for a 100% tariff on all foreign-produced films. Netflix led the declines, down over 5%. WBD (WBD), Paramount (PARA) and Disney (DIS) were all down at least 2% shortly before the opening bell. The companies did not immediately respond to Yahoo Finance's request for comment on the proposed tariffs. The market reaction comes after Trump directed his administration late Sunday to impose "a 100% tariff on any and all movies coming into our country that are produced in foreign lands," sending shockwaves through an industry still reeling from the pandemic shutdown and the recent writers' and actors' strikes. "The Movie Industry in America is DYING a very fast death," Trump wrote in a post on Truth Social. "Other Countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States. Hollywood, and many other areas within the U.S.A., are being devastated. This is a concerted effort by other Nations and, therefore, a National Security threat. The announcement comes just weeks after China announced plans to "moderately reduce" imports of Hollywood movies in retaliation for escalating US tariffs on Chinese goods. The tariffs could impact a multitude of blockbusters currently or recently filmed abroad. These include Disney's Marvel Studios titles "Avengers: Doomsday" and "Spider-Man: Brand New Day," both shot in London; 20th Century Studios' "Avatar: Fire and Ash," produced in New Zealand; Paramount's "Mission: Impossible — The Final Reckoning," filmed across various global locations; Lionsgate's "John Wick" spinoff "Ballerina," shot in the Czech Republic; and Lucasfilm's "Star Wars: Starfighter," which is set to begin production in the United Kingdom. Despite the initial stock declines, many unknowns remain about how such a tariff rollout would be structured and what the implementation might look like. Some key questions include whether the tariffs would apply to all forms of distribution, including streaming platforms, or just theatrical releases. It's also unclear how existing international co-productions would be treated. Industry insiders warn the policy could create logistical and legal complications for studios with global production pipelines, but for now, the specifics and the timeline remain unclear. Alexandra Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at Sign in to access your portfolio
Yahoo
01-05-2025
- Business
- Yahoo
How Apple stock tends to trade following earnings
Apple (AAPL) shares inch lower in Thursday's after-hours trading, coming off of the iPhone maker's earnings call for its fiscal second quarter. The tech giant boasted a quarterly beat on the top and bottom lines. Yahoo Finance markets and data editor Jared Blikre lays out how Apple's stock has historically traded following previous earnings releases. Also catch up on Yahoo Finance senior reporters Alexandra Canal's coverage of Apple's digital services segment. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Apple shares lower after second quarter results, but historically how does the iPhone maker tend to trade post earnings? We are finances, Jared Blickery is standing by with more, Jared. That's right, Josh. We've got price history in Apple all the way back to the early 1980s. Very different company back then. This chart focuses on the last two and a half years. Why? Because that is the two and a half year bull market that we are in right now. So 10 quarters. And this basically posits, what happens if you bought Apple stock right before earnings and then held for one day or one week, one month, one quarter, or one year? And you can see one day, it only the median result is only 0.1%. So you got a lot of up days, you got a lot of down days, and they kind of average out to about nothing. Same thing for the one week time period. And you're also going to notice that I have the percent positive. So for one day, it's split right down the middle over the last two and a half years. We got an even balance of winners and losers. When you go up to one week, you have more winners, you have it more winners than losers, 60% of the time. One month, 70% of the time. And that's kind of the magic number I look for because stocks tend to go up. I want to see something that has positive price action for at least 70% of the time. And then if you look at the returns down here, they start to get interesting around one quarter up 4.2%, but you notice the percent positive is only 60%. What really stands out in this chart to me is that the one-year holding time produces an average return of 22.7% with a 100% positivity rate. And if you're thinking about the last two and a half years, well, for three of those quarters, we haven't had one full year. So we're actually only using seven of those, but still some impressive stats right there. So that's the last two and a half years. Now, I want to show you going back to basically the beginning of this century. So 25 years. What if you had bought after every earnings announcement and held for one year? Well, that's what this line represents. And in fact, we've averaged this over 10 quarters or two and a half years as well, to kind of smooth it a little bit. What you're going to notice is that in the wake of the .com crash, we actually went negative for a little bit there. But then we surge positive and you would have had 100% returns for for a little while there, had you bought each of those times, each of those earnings announcements. And you can see it kind of drifted lower over the years, and then it started accelerating again. This was the Fang period, even though Apple wasn't an original Fang member, and it kind of peaked in 2020, 2021, then it came down again, but you can see it still remained positive. And in fact, the only time in the last decade, I think, that we've had a one-year holding period off of earnings that has been negative was 2022. So the longer holding times are definitely working in investors' favor. Um, I do want to present this because this speaks as to the immediate situation here of what the options market is expecting for the next 24 hours, basically into the close tomorrow. The options market is pricing in a 4.1% move. And that doesn't tell you if it's going to go up or down. And what has actually happened in the last 90 minutes or so, we've seen about a 3 and a half percent move to the downside. So that's right in line with that. It's also in line with history because over the last two and a half years, these earnings reactions have been about 3.8%. So investors were expecting just a little bit more volatility this time. Finally, I want to tell you what's happened every other day other than earnings days. So those days, the regular days have averaged a move of 2.1%, which is roughly half of that. So on these earnings days, just shows you that we see usually twice the volatility. So tomorrow into the close, we might expect a little bit more movement here, but for all intents and purposes, we've probably seen a lot of the volatility shake up. Back to you, Julie. Jared, thank you so much for all of that. Appreciate it.
Yahoo
01-05-2025
- Business
- Yahoo
Apple Q2 earnings: A breakdown of Apple's services segment
Apple (AAPL) posted fiscal second quarter figures that outdid top and bottom line expectations — adjusted earnings of $1.65 (vs. estimates of $1.62) and revenue of $95.4 billion (vs. estimates of $94.6 billion) — with the stock edging lower in Thursday's after-hours session. Going in depth into the iPhone maker's other segments, Yahoo Finance senior reporter Alexandra Canal breaks down the components and revenue of Apple's digital services businesses in the second quarter. A federal judge found Apple (AAPL) in violation of a 2021 court order demanding the tech giant to enable broader competition for app developers and payment methods on its App Store. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. We're taking a closer look under the hood of Apple's second quarter earnings, and joining us now is Yahoo Finance senior reporter, Alexandra Canal, with more. Hi, Ally. Hi, Julie. Yeah, a lot to dig into in this report, but what's stuck out to me is that Apple isn't just a hardware company. In fact, its services segment is quietly becoming one of the most important parts of its business. So let's start there because while the iPhone still drives most of Apple's revenue, the services side, which includes everything from the App Store to iCloud, Apple Music and subscriptions like Apple TV Plus, that's becoming a big profit powerhouse. Last year, the segment alone pulled in over 96 billion dollars, nearly a quarter of Apple's total revenue, and it's growing faster than any other part of the company. Even Apple's financial services, like Apple Pay and the new Apple Card savings account, they're no longer just side projects. They're really becoming mainstream offerings, further locking users into Apple's expanding ecosystem. This is a new all-time revenue high, but was a slight miss compared to consensus estimates. That does translate to about 76% gross margins, compared that to just 36% margins for hardware, so it's a very highly profitable stream of income, and unlike hardware, which depends heavily on new product cycles, services generate recurring revenue. So even if you don't buy a new iPhone, you might pay monthly for iCloud storage. You could subscribe to Apple Music or stream on Apple TV Plus. And let's not forget the App Store, right? A judge earlier, ruling that Apple's current 27% fee for developers is anti-competitive. Now, that's becoming a big point of contention for these developers which are required to comply with Apple's guidelines in order to use their payment system. The case has now been referred for potential criminal contempt. So a major development to watch on the legal side of things here. Meanwhile, Apple's streaming business, Apple TV Plus, is reportedly losing about 1 billion dollars a year despite successful series like Ted Lasso and The Morning Show. Apple has been pouring tons of money into original programming. That's part of a long-term strategy to really build out its services segment. But the subscriber base is still relatively small, especially compared to streaming giants like Netflix or Disney Plus. So while Apple TV Plus boosts the brand and certainly adds value to the Apple ecosystem, financially it still seems to be a bit in the red. All that being said though, services remains Apple's second largest business, behind only the iPhone. It's outgrown both the Mac, the iPad, and it's becoming even more strategic as hardware sales slow globally. So in short, the next chapter of Apple's growth may not come from what's in your pocket, but from what you're actually paying each and every month. Josh, Julie. Thank you, Ally.
