Latest news with #IXIC
Yahoo
7 hours ago
- Business
- Yahoo
Nasdaq leads stock gains amid US-China trade tensions
US stocks (^DJI, ^IXIC, ^GSPC) close Monday's session higher, led by Nasdaq Composite as it rises two-thirds of a percent to cap off the trading day. Market Domination Overtime Julie Hyman and Yahoo Finance markets and data editor Jared Blikre look back on market and sector moves as US and Chinese officials trade barbs, both claiming the other has violated their trade agreement. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Dow just peeking into the green very barely about 36 points by the end of the session after being red for most of the day. The S&P 500 finishing higher by about four tenths of 1% and the NASDAQ composite up about two-thirds of 1%. So, a lot of weighing today of the continuing trade headlines. As we know, China and the US continuing to sort of trade negative language, let us say against one another, each accusing the other of violating their sort of tentative trade day taunt and agreement here. We did learn there has been some reporting that Trump and she would be having a call this week that looks like it's being planned. So that, perhaps giving a little bit more optimism to the market. By the way, in the background we got a manufacturing number this morning that showed contraction for the second month in a row. So, that's something also that investors have been considering. Let's see what Jared Blickre has been considering. Hey Jared. That's a great, uh, that's a great, uh, I guess detail of the fundamental macro backdrop. I was just looking at a one month chart and here's a technical backdrop. 15 sessions, exactly three trading weeks, and we have gone essentially nowhere. That is just sideways. That's the NASDAQ broke up a little bit after those Nvidia earnings, but here's the S&P 500. Just nothing but sideways right here. So we're just looking for the next catalyst and with all the trade tariff headlines and all the data that we've gotten, we still haven't seen that in three weeks. So, we'll be, I'll, I'll be sitting on my hands waiting for that next one. Here's the VIX. It was, uh, looks like it was up just a little bit today. Still holding under 20, so nothing major there. 10 week T-note yield up about five basis points, not quite to 4.5%. And the 30 year, guess what? That was up seven basis points to 5%. That's the magic number that was causing some hiccups in the equities markets and the risk markets a couple weeks ago. We'll have to see if that causes any more disruption here. Also, the US dollar index very close to year-to-date lows. This is just a one month chart, and I gotta move on here, but that would also be a near three-year low. So, something interesting there. We're seeing commodities rally quite a bit. I'll be getting into that with Josh in about 30 minutes or so. For the time being, energy is up 1.3% on the back of WTI crude oil having its best day in weeks. Tech is second. That's XLK, then you got materials and communication services rounding out the top four. All of those outperforming the S&P 500. And let's take a peek inside the NASDAQ 100 where meta is the standout right down there, 3.62%. And also alphabet and Tesla. So alphabet down 1.58%. That's Cisco, but alphabet down 1.58%, and then we got Tesla down 1%. I'll leave us on the Dow here and we got a little bit of a mixed board, but much better than when we started out the day. On the opening bell I was looking at a lot of red towards that right hand side of the screen and a little bit more green now into the close. After the close. Sign in to access your portfolio
Yahoo
8 hours ago
- Business
- Yahoo
Stock limbo, volatility, dollar vs. metals: Market Takeaways
After capping off the month of May with serious gains, US stocks (^DJI, ^IXIC, ^GSPC) ended the first day of trading in June slightly higher. Yahoo Finance markets and data editor Jared Blikre comes on Asking for a Trend to examine the latest market trends, including volatility (^VIX) uncertainty and comparing the performance of the US dollar (DX=F, and the prices of metal commodities like silver (SI=F), copper (HG=F), and gold futures (GC=F). To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.
Yahoo
8 hours ago
- Business
- Yahoo
Nasdaq leads stock gains amid US-China trade tensions
US stocks (^DJI, ^IXIC, ^GSPC) close Monday's session higher, led by Nasdaq Composite as it rises two-thirds of a percent to cap off the trading day. Market Domination Overtime Julie Hyman and Yahoo Finance markets and data editor Jared Blikre look back on market and sector moves as US and Chinese officials trade barbs, both claiming the other has violated their trade agreement. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. 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
12 hours ago
- Business
- Yahoo
S&P 500 saw best May since 1990: What to expect in June & beyond
US stocks (^DJI, ^IXIC, ^GSPC) capped off a historic May trading month with serious gains, the Nasdaq Composite ending the month over 9.5% higher and the S&P 500 seeing its best May since 1990. Yahoo Finance markets and data editor Jared Blikre — who also hosts the Stocks In Translation podcast — examines how equities typically perform in the month of June and later in the year following a strong May. Twice a week, Stocks In Translation cuts through the market mayhem, noisy numbers and hyperbole to give you the information you need to make the right trade for your portfolio. You can find more episodes here, or watch on your favorite streaming service. To watch more expert insights and analysis on the latest market action, check out more Wealth here.
Yahoo
3 days ago
- Business
- Yahoo
Investor playbook: 'TACO' trade gains steam but isn't foolproof
US markets (^GSPC, ^IXIC, ^DJI) are swinging on shifting trade signals and tariff uncertainty tied to President Trump's latest comments and legal setbacks. Yahoo Finance Senior Reporter Allie Canal breaks down how the so-called "TACO" trade ("Trump Always Chickens Out") is shaping investor sentiment and what to watch ahead of jobs data next week. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Well, it's been another busy week of policy pivots, headline whiplash, and economic data that's left investors more confused than confident. But through it all, one phrase has gained prominence this week: the "Taco Trade," short for "Trump Always Chickens Out." That phrase sums up a growing view that while the president talks tough on tariffs, he rarely follows through. And it's that assumption that's driven the market recovery we've seen over the past month. Still, it's not foolproof. We saw sentiment take a hit today after Trump fired off a post on Truth Social, accusing China of quote "violating its trade deal." Just hours later, Bloomberg reported the Trump administration is planning to tighten tech sanctions targeting Chinese subsidiaries that have been skirting existing curbs. The news initially sent stocks sharply lower, before we saw a bit of a rebound heading into the close, and adding another twist to the saga, a federal trade court in Manhattan struck down a swathe of Trump tariffs, citing legal flaws in how they were imposed. And although a federal appeals court temporarily paused that ruling, it's just adding more fuel to the fire when it comes to a lot of this market uncertainty. Looking ahead, some say stocks are banking too heavily on Trump backing down again. Here's what Wall Street experts told Yahoo Finance this week. We told Donald Trump that that we have this Taco Trade, and so I worry a little bit that that actually makes him bear down a little bit more and decide to be more, you know, more gripping on some of these tariff trades. And so, I have a little bit of a concern that that creates actually more uncertainty. So, I don't think this is the last word on tariffs, but I agree this is a roller coaster ride, not good for long-term planning and not good for corporate investment. Based on the past, we're going to get a lot of, "He loves me, he loves me not," the Taco Trade, the Tofu Trade. We're going to get a lot of that talk back and forth. But what investors really need to be focused on is economic data, especially the jobs week that's coming up next week and what the Fed is doing in response. So, bottom line here, the Taco Trade may still potentially have some mileage, but as politics, policy, and legal realities collide, that bet could be looking a lot riskier. And guys, I looked up what exactly the Tofu Trade is that Callie Cox referenced. Apparently, it's been circulating on ExitStat. Trump always likes to intervene when markets are at highs. I don't really know how the acronym plays out fully there, but it just goes to show how investors are really trying to understand this administration amid all of these shifting trade policies. Yeah, it is hard to follow. Acronyms can help though. Ali, thank you, appreciate it.
