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☆ Millennials will inherit $90 trillion by 2034. 3 reasons they'll supercharge the ETF market, according to $4.3 trillion State Street.
▼ + stars: | 2024-07-22 | by ( Christine Ji | ) www.businessinsider.com time to read: +7 min

Namely, millennials invest in exchange-traded funds more than any generation before them, according to State Street Global Advisors' 2024 ETF Impact Survey. AdvertisementOverall, State Street, which manages $4.3 trillion in assets, found that boomers are doomers when it comes to the overall economic outlook. State Street Global AdvisorsMillennials across the world are also more likely than any other generation to hold ETFs in their portfolios. AdvertisementETFs also offer easy liquidity, especially when compared to the mutual funds that are popular with older demographics. Investors can't trade mutual funds intraday because trades are executed once a day after the 4 p.m. market close.

Persons: —, aren't, Scott Chronert, Chronert, millennials, Michael Arone, Vanguard Russell, Russell, That's Organizations: Service, Street Global Advisors, Business, State Street Global Advisors, Mutual, Citigroup, Bank of America, State, Trust, Vanguard, Nasdaq, Boomers, Bond, Bond Market, State Street, Galaxy Asset Management, Street Locations: Australia, Singapore, Japan

☆ Domino's Pizza CEO talks weakness in international franchisee
▼ + stars: | 2024-07-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Monday interview with CNBC's Jim Cramer, Domino's Pizza CEO Russell Weiner discussed weakened guidance the company gave last week for its international business. The company said this is largely due to weakness in Domino's Pizza Enterprises, its largest international franchisee with stores that operate in Australia, New Zealand, France and the Netherlands, among other countries. According to Weiner, Domino's business in the U.S. is strong, and "value has never been higher," with increased orders on "on our delivery business, carry out business, every single income segment." "There are some people who don't like Domino's pizza. "And so, this is a great product for those folks, and we're bringing incremental eaters into Domino's Pizza."

Persons: CNBC's Jim Cramer, Russell Weiner, " Weiner, Domino's, Weiner, DPE, Cramer Domino's Organizations: Pizza Enterprises Locations: Australia, New Zealand, France, Netherlands, China, India, U.S

☆ These 2 key metrics will signal whether small, unloved stocks will continue to beat the market, BofA says
▼ + stars: | 2024-07-22 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The firm is looking at specific levels for the 10-year Treasury yield and manufacturing PMI. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. New research from Bank of America outlined two specific criteria that could serve as signals the rally will continue. AdvertisementMeanwhile, manufacturing PMI fell to 48.5 in June. "The Manufacturing economy is in the second longest downturn in history with 21 months without two straight months of 50+ PMI.

Persons: —, SPW, Russell, Tom Lee Organizations: of America, PMI, Service, Bank of America, Treasury, 6.3ppt, Bank of America Global Research, Federal Reserve, Barclays Locations: outperformance

☆ Domino's Pizza CEO Russell Weiner goes one-on-one with Jim Cramer
▼ + stars: | 2024-07-22 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDomino's Pizza CEO Russell Weiner goes one-on-one with Jim CramerDomino's Pizza CEO Russell Weiner joins 'Mad Money' host Jim Cramer to talk consumer tredns, quarterly results, the appetite for pizza right now and more.

Persons: Russell Weiner, Jim Cramer, Pizza

☆ Open Championship analysis: 10 things to know about Xander Schauffele’s win
▼ + stars: | 2024-07-21 | by ( Justin Ray | ) www.nytimes.com time to read: +8 min

Here are the top numbers and notes to know from the final round of the 152nd Open Championship. For the second time this season, Schauffele shot a final round 65 to win a major. Schauffele is the first player to win the PGA and Open in the same season since Rory McIlroy did it 10 years ago. With the 2024 major schedule completed, this is the first time American players have swept a major season (in a year when all four were contested) since 1982. Of the last six players to win multiple majors in the same season, four won another major within the next two years.

Persons: Xander Schauffele, Schauffele, Jack Nicklaus, Rory McIlroy, Walter Hagen, Tiger Woods, Tom Watson, Brian Harman’s, Woods, Craig Wood, Billy Horschel, Harry, Bogeys, Horschel, Henrik Stenson’s, Justin Rose, Rose, Lawrence, Lawrence hadn’t, Dan Brown, Royal Portrush, Brown, Scottie Scheffler, Scottie, hasn’t, Scheffler, Justin Thomas ’, Glyn Kirk, Thomas, Matthew NeSmith, Schauffele’s, Collin Morikawa, Russell Henley, Shane Lowry, Jordan Speith, Brooks Koepka, Andy Buchanan Organizations: Royal Troon, 152nd, PGA, Troon, Royal Liverpool, PGA Tour, Merion, Royal, Getty, Royal Troon doled, U.S, Pinehurst Locations: American, Ayrshire, men’s, AFP

☆ Open Championship: Ruthless Xander Schauffele seals second major in two months with imperious display
▼ + stars: | 2024-07-21 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

On Sunday, the American clinched the Open Championship to claim the second major of his career. South Africa’s Thriston Lawrence finished one shot behind Rose and Horschel in tied-fourth, with American Russell Henley a further stroke back. Yet the attacks were coming from all angles now, the most ferocious of all from playing partner Lawrence and Schauffele, two holes ahead. The steely-eyed barrage continued with two more birdies across the next three holes to open up a three shot lead. Rose and Lawrence had barely erred, each bogeying just once, but such was the relentless pace set by Schauffele.

Persons: Xander Schauffele, Billy Horschel, Justin Rose, Brooks Koepka, Scottie Scheffler, Bryson DeChambeau’s, I’ve, Horschel, Rose, Africa’s Thriston Lawrence, American Russell Henley, Scheffler, leapfrog Ireland’s Shane Lowry, Jon Super, Lawrence, Schauffele, –, Peter Morrison, pip DeChambeau Organizations: CNN, Little, American, Royal Troon, PGA, Masters, ‘, Schauffele’s Locations: Scotland, Africa’s, South Ayrshire, Kentucky

☆ S&P 500 futures tick higher Sunday night after worst week since April: Live updates
▼ + stars: | 2024-07-21 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

S&P 500 futures inched up Sunday night after the broad market index suffered its worst weekly losses since April last week as investors rotated out of megacap technology stocks for smaller names. Since Biden's disastrous debate performance in June, many analysts were seeing an increasing likelihood of a win by former President Donald Trump in November. There may be a small unwinding of the Trump trade on Monday as Vice President Harris is perceived to have a slightly better chance of winning," Hatfield said. Traders have been pricing in nearly a 93% likelihood of the Federal Reserve cutting interest rates during its September meeting. During the previous trading week, the S&P 500 and Nasdaq Composite fell nearly 2% and 3.7%, respectively, marking their biggest weekly losses since April.

Persons: Joe Biden, Kamala Harris, Donald Trump, Jay Hatfield, Biden, Trump, Harris, Hatfield, Russell Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Traders, Democratic, Infrastructure Capital Advisors, Federal Reserve, Dow, Verizon

☆ Xander Schauffele wins Open Championship at Royal Troon for major win No. 2 of 2024
▼ + stars: | 2024-07-21 | by ( Brody Miller | ) www.nytimes.com time to read: +4 min

TROON, Scotland — Xander Schauffele was for so long the best golfer without a major. The ever-steady 30-year-old star never topped the Open leaderboard Thursday to Saturday, always quietly lurking in the top 10 before shooting a Sunday 65 to win the 152nd Open Championship for his second major title in three starts. For the first time since 1982, Americans — Schauffele (Open Championship, PGA Championship), Scottie Scheffler (Masters) and Bryson DeChambeau (U.S. Open) — have claimed all four major championships. Sunday began with Horschel, a 37-year-old seeking his first major championship, in the lead by one stroke, playing in the final group of a major’s final round for the first time. Now Schauffele enters the Olympics and the rest of the season no longer an admirable player who can’t win.

Persons: Xander Schauffele, Schauffele, Justin Rose, Billy Horschel, Schauffele’s, Thriston Lawrence bogeyed, — Schauffele, Scottie Scheffler, Bryson DeChambeau, —, Arnold Palmer, Lawrence, Dan Brown, Rose, standouts, Sam Burns, Russell Henley, Scheffler, Horschel, Brown, Burns, Shane Lowry, birdies, Jon Rahm, Viktor Hovland, Rory McIlroy, Kevin C, Cox Organizations: 152nd, Royal Troon, May’s PGA, Valhalla, Pinehurst, Sunday, Horschel Locations: TROON, Scotland, Scottish

☆ This week's 'manic market' action looks a lot like the dot-com bust in 2000, economist David Rosenberg says
▼ + stars: | 2024-07-20 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

The past week's tumultuous stock market action harkened back to the dark days of 2000 as the dot-com bubble was bursting, according to economist and strategist David Rosenberg. With tech leaders sagging and investors heading for cover, the widely followed market bear sees similarities between two eras that showed overheated investor sentiment and an overvalued market. "The massive daily swings reflect a manic market becoming unglued," the head of Rosenberg Research wrote in his daily market note Friday. "The action is highly reminiscent of what happened in the immediate aftermath of the Nasdaq rolling off the bubble highs in March 2000." Alfred E. Neuman feeling when I look at the action in the equity market and the reasons for this relentless exuberance," Rosenberg said.

Persons: David Rosenberg, Alfred E, Neuman, Rosenberg, Russell Organizations: Rosenberg Research, Nasdaq, Tech, Nvidia, Microsoft, Dow Jones, American, of, Investors, Investors Intelligence

☆ Alphabet earnings and 3 more things we're watching in the stock market next week
▼ + stars: | 2024-07-20 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

But in general, this is the kind of development we've hoped to see ever since Starbucks' massive earnings miss April 30. We'll take the nearly 7% pop in shares Friday and hope it's only the beginning of recovery for the beaten-up stock. Fed's fave inflation measure : The personal spending and income report will be the most closely watched economic report next week. Earnings : As the second-quarter earnings season picks up pace, we'll hear from five Club holdings next week including Google parent Alphabet . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Russell, Donald Trump, — Trump, Jim Cramer, Trump, Donald Trump's, Taiwan's TSMC, Joe Biden's, Biden, Biden's, he's, Elliott, we've, We'll, it's, we'll, Sartorius, Ford, Jim Farley, We're, Honeywell management's, —, Zions, BOK, Brown, BRO, Lockheed Martin, Philip Morris, Clark, Lamb, Edwards Lifesciences, DOV, Dr Pepper, CARR, Baker Hughes, Booz Allen Hamilton, Jim Cramer's, Jim Organizations: Federal Reserve, Nasdaq, Dow, Republican National Convention, GOP, Bloomberg Businessweek, Trump, Elliott Management, Starbucks, Street Journal, Technology, General Motors, Honeywell, Dover, Products Company, Verizon, Truist, SAP, Semiconductors, Crown Holdings, Cadence Design Systems, Medpace Holdings, AGNC Investment, Logitech International S.A, KKR Real Estate Finance Trust, Berkley Corp, Spotify Technology S.A, United Parcel Service, GE Aerospace, GE, Cola Company, Lockheed, Comcast, Polaris Industries, Philip Morris International, Company, HCA Healthcare, Moody's Corporation, Enphase Energy, Texas Instruments Incorporated, Chubb Corporation, Seagate Technology plc, Maine, Packaging Corporation of America, Weatherford International plc, Canadian National Railway Company, FTAI Aviation Ltd, Mattel, Vertiv Holdings Co, Lamb Weston Holdings, NextEra Energy, Tenet Healthcare, Fisher, GE Vernova, Boston Scientific Corporation, General Dynamics, Lennox International, Software Technologies, CME Group, Fortive Corporation, Co, Roper Technologies, Teck Resources Limited, Blackstone Mortgage Trust, Economico Mexicano S.A, Dominion Freight, Otis Worldwide Corporation, OTIS, Ford Motor Company, Grill, Business Machines, IBM, Viking Therapeutics, Las Vegas Sands Corp, Newmont, Whirlpool, Globe, WM, O'Reilly Automotive, Annaly Capital Management, Honeywell International, American Airlines Group, Hasbro, Southwest Airlines Co, New York Community Bancorp, RTX Corporation, AstraZeneca, Carrier Global Corporation, Integer Holdings Corporation, Valero Energy, Texas, Juniper Networks, Boston Beer Company, Physicians Realty Trust, Allison Transmission Holdings, Corp, Columbia Banking, Digital Realty Trust, Edison International, Myers Squibb, Charter Communications, 3M Company, Booz, Centene Corporation, AON, Barnes, Colgate, Palmolive, Jim Cramer's Charitable, CNBC, U.S Locations: U.S, Taiwan, FactSet, China, Dover, Cleveland, Alexandria, ZION, W.R, Freeport, Kimberly, Cal, Teck, Las, ORLY, New, Banc, Bristol, Milwaukee , Wisconsin

☆ Activist Starboard took a stake in Match. Here are steps the investor may take to help lift shares
▼ + stars: | 2024-07-20 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. On July 15, Starboard sent a letter to Match highlighting various opportunities to improve operations, financial results and capital allocation. Match's EBITDA margin of 36% may be high for an average company, but it's low for a company like Match. Starboard thinks that this is a highly valuable asset that may be well-suited to operate as a private company. Starboard is not the first activist to launch a public campaign at Match.

Persons: Russell, Bernard Kim's, Jeff Smith, Thomas McInerney, Smith, Elliott, Ken Squire Organizations: IAC, Altaba, Yahoo, Elliott Management, Anson, 13D

☆ Markets broaden as investors sell tech winners, but further turbulence may be on the way
▼ + stars: | 2024-07-20 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

The four best-performing stocks in the S & P 500 year to date were down an average of 13.5% last week. .SPX 5D mountain The S & P 500's performance in the past five trading days. The anchoring effect of a persistently strong half-dozen $1-trillion to $3-trillion companies atop the S & P 500 while most stocks wallowed had the effect of suppressing index volatility. The S & P 500 is now about 3% off its record, and the Nasdaq 100 is in a roughly 5% retreat from its high. History says when the S & P 500 has been up more than 10% in the first half of a year , as in 2024, it has gone to further highs by year's end nearly every time.

Persons: Russell, Donald Trump, Cash, Parag Thatte, Thatte, Goldman Sachs, wallowed, Cantor Fitzgerald Organizations: Axonic Capital, Deutsche Bank, Nasdaq

☆ 'Just buying, buying, buying’: What the recent small-cap boom suggests about the appetite for risk
▼ + stars: | 2024-07-20 | by ( Ellie Stevens | ) www.cnbc.com time to read: +1 min

The money flow into small caps may not be a rotation from winning growth trades. Dave Nadig, ETF journalist and financial futurist, sees investors "just buying, buying, buying." "[Investors] are now, for the first time in ages, buying value, buying some of these defensive sectors, buying small caps. When it comes to the small-cap trade, Nadig thinks it's too early to determine whether the upside is sustainable. The Russell 2000 , which tracks small caps, fell 0.6% on Friday.

Persons: Dave Nadig, CNBC's, Nadig, it's, Russell, Joe Biden Organizations: Dow Industrial, Nasdaq

☆ Open Championship: American Billy Horschel edges ahead after Shane Lowry sunk by ‘coffin’ bunker nightmare
▼ + stars: | 2024-07-20 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —Billy Horschel will carry the slenderest of leads into the final 18 holes of the Open Championship in Scotland, as the American capitalized on Shane Lowry’s grisly slide to edge clear in a rain-soaked third round. I’m embracing it,” Horschel, whose career best major performance was a tied-fourth finish at the 2013 US Open, told reporters. Lowry's round went downhill after trouble at the 'coffin' bunker on the eighth hole. Stuart Franklin/R&A/Getty ImagesHaving taken a three shot advantage to the eighth tee, the 37-year-old will start the final round three strokes adrift of leader Horschel, and one back from world No. 1 Scottie Scheffler, who shot even-par 71 to stay in contention for a second major title of the season.

Persons: Billy Horschel, Shane Lowry’s, “ I’ve, I’m, ” Horschel, “, I’ll, ”, Kevin C, Cox, Thriston Lawrence, Sam Burns, Russell Henley, Xander Schauffele, Justin Rose, Daniel Brown, Brown, I’ve, ” Brown, you’d, Andrew Redington, Coffin ’, Lowry’s, Lowry, Stuart Franklin, Horschel, Scottie Scheffler, ” Lowry, Adam Scott, Lawrence Organizations: CNN, Troon, European, Irish Locations: Scotland, Horschel, American, Troon

☆ Ford Motor is among the most overbought stocks in the S&P 500 this week. Here are the others
▼ + stars: | 2024-07-19 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The S & P 500 has dropped nearly 2% for the week, putting the broad-market index on pace for its worst weekly performance since April. This market shift has pushed some S & P 500 stocks into overbought territory despite the index's decline. Against this backdrop, CNBC Pro screened for the most overbought and oversold names in the S & P 500 based on their 14-day relative strength index, or RSI. Take a look at some of the overbought names: Ford Motor made the overbought list, with the stock scoring an RSI of about 83.2. Other overbought stocks include S & P Global and Republic Services.

Persons: Russell, they've, Goldman Sachs, Pizza, Domino's, Charles Schwab, Wall Organizations: Nasdaq, Dow, Federal, CNBC Pro, Ford, Super Duty, Gen, Analysts, P Global, Republic Services, Walgreens Boots Alliance, Nike

☆ Mega caps are peaking. Prepare for a reversal by buying 15 lesser-known stocks on a list that's lapped its benchmark since 2008.
▼ + stars: | 2024-07-19 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

The market's largest stocks are falling back to the pack after driving gains for 18 months. However, leading strategists at BMO Capital Markets say US stocks can build on their gains anyway. Here are 15 small-cap stocks that are well positioned for a market reversal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA long-expected shift is sending shockwaves through the stock market, but top minds at BMO Capital Markets say investors with diversified portfolios have nothing to worry about.

Persons: —, Russell Organizations: BMO Capital Markets, Service, Business

☆ Earnings plus key reports on economic growth and inflation put the consumer in focus next week
▼ + stars: | 2024-07-19 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The consumer will be in focus next week as investors head into the thick of earnings season and await some major macroeconomic reports. So far, just 14% of S & P 500 companies have reported earnings results. As one strategist noted, Wall Street is about to get insight into the economy from more than half the broad market index. The thick of earnings Earnings season is off to a strong start. Credit card company Visa will be reporting next week after American Express' results this week suggested inflationary pressures have reached the higher-end consumer.

Persons: Russell, We're, Terry Sandven, Sherwin, Williams, Charles Ashley, Read, Ashley, We've, It's, Lockheed Martin, Kimberly, Clark, General, Philip Morris, Lamb Weston, Northrop, Rowe Price Organizations: Federal, Nvidia, U.S, Bank Asset Management, Nasdaq, Dow Jones, Whirlpool, Catalyst Funds, Visa, American Express, Google, Commerce, FactSet, Fed, Chicago, Verizon, Richmond Fed, Enphase Energy, Capital, Texas, Williams, Comcast, General Motors, United Parcel Service, Philip Morris International, GE Aerospace, PMI, O'Reilly, Grill, Business Machines, Vegas Sands, Ford Motor, Technology, NextEra Energy, GE, . Kansas City Fed Manufacturing, American Airlines, CBRE, Valero Energy, Hasbro, Tractor Supply, Northrop Grumman, Southwest Airlines, Honeywell International, Norfolk Southern, Rowe Price Group, Myers Squibb, Colgate, Palmolive Locations: —, Freeport, McMoRan, Vegas, . Kansas, Michigan, Bristol

☆ Election chaos and Friday’s tech outage are taking the market on a wild ride
▼ + stars: | 2024-07-19 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —Stocks are soaring this year, but that could soon change as election chaos takes the market on a rollercoaster ride. But this has been a destabilizing week for US stocks and the market trajectory could be shifting. The Dow was down more than 430 points, or 1%, in the morning trading session on Friday as the tech outage continued to rattle investors. Former President Donald Trump, meanwhile, said in an interview with Bloomberg that Taiwan should pay for its own defense. The bright sideInvestors have been largely resilient this year and some financial bigwigs say the election won’t change that.

Persons: Donald Trump, Joe Biden, Dow, —, “, ”, Jim Reid, Biden, they’re, Scott Wren, Wells, Jerome Powell, Liz Young Thomas, Russell, Young Thomas, ” Trump, CrowdStrike, JPMorgan Chase, Jeremy Barnum, isn’t Organizations: New, New York CNN, Investors, Big Tech, Nasdaq, Deutsche Bank, Democratic, ”, Treasury, Fed, Tech, Bloomberg, Taiwan Semiconductor Manufacturing, Nvidia, Microsoft, Meta, JPMorgan Locations: New York, Iran, Israel, Wells Fargo, “, China, Taiwan

Index funds are a type of investment vehicle aiming to match the returns of a specific market index. "Index funds generally benefit an investor by providing diversification and relatively low fees compared to actively managed funds. Decide which index funds to invest inNow it's time to decide which index funds you want to invest in. "In this scenario, the investor would research the universe of index funds available and purchase the funds they'd like to own." Index fund investing FAQsHow do I buy an index fund on my own?

Persons: Warren Buffett, Julian Schubach, Louis, Ameritrade, Charles Schwab, you've, Schwab Organizations: Independence, Nasdaq, Nasdaq Stock Market Dow, NYSE, New York Stock Exchange, U.S, Federal Reserve Bank of St, Market, Fidelity, Vanguard, Chevron Locations: Chevron

☆ Don't bet on the stock-market rotation as small-caps historically suffer when rates come down, Barclays says
▼ + stars: | 2024-07-19 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Small-caps historically decline before and after the first interest rate cut, Barclays reported. This argues against the growing narrative that the easing cycle will boost small-caps, the bank said. AdvertisementBarclays ResearchTheir finding opposes many prevailing viewpoints on Wall Street, where rising bets of lower interest rates have sent investors piling into the small-cap trade. In part, falling interest rates might help ease debt burdens, but they can also signal a cooling economy — which favors large-cap exposure. Market veteran Ed Yardeni wrote this week that the small-caps trade has no legs, given the sector's lackluster forward earnings, revenue, and profit margins.

Persons: —, Venu Krishna, Russell, June's, Tom Lee, Ed Yardeni, Liz Young Thomas Organizations: Barclays, Service, NASDAQ, Federal

☆ These small-cap stocks are cheap and expected to do well from here
▼ + stars: | 2024-07-19 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

As the 2024 market rally broadens out, some small-cap stocks are poised to do better than others. But with interest rate cuts on the horizon, the prospects for small-cap stocks have improved in recent weeks. The Russell 2000 small-cap index has already risen more than 6% in July alone. Against that backdrop, CNBC Pro screened for the small-cap stocks that could be poised for a boost. "We believe near-term expectations are reasonable, and given the stock's negative sentiment and recent market volatility, we decided to move to the sidelines," wrote analyst Chris O'Cull.

Persons: Russell, tickers, Stifel, Chris O'Cull, Logan Reich, Reich, Shutterstock, Nick Wells Organizations: Nvidia, CNBC Pro, Papa John's, RBC Capital Markets, Canadian, Janus International, MGP

☆ U.S. stock exchanges operating normally, issue with FTSE Russell indexes amid global outage
▼ + stars: | 2024-07-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

A trader works on the floor at the New York Stock Exchange on July 3, 2024. "NYSE markets are fully operational and we expect a normal open this morning," a spokesperson for the exchange said Friday. There were other issues, though: Russell US Indexes, which include the closely watched Russell 2000 small-cap gauge, were not calculating after the market open. "This disruption is affecting FTSE Russell real-time indices. Though the Russell indexes weren't updating on digital platforms, the various indexes were being calculated without interruption.

Persons: Russell, Gregory Falco Organizations: New York Stock Exchange, Nasdaq, NYSE, Russell, Cornell University cybersecurity

☆ Stock futures are little changed as Wall Street looks to shake off Thursday's market slide
▼ + stars: | 2024-07-18 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Stock futures were quiet on Thursday evening as Wall Street looked to stabilize after a slide for equities. S&P 500 futures ticked up 0.2%, while Nasdaq 100 futures added 0.3%. The S&P 500 and Nasdaq Composite fell 0.78% and 0.70%, respectively. The S&P 500 and Nasdaq Composite are down 1.26% and 2.87%, respectively, heading into Friday. That divergence has been encouraging to some Wall Street pros who had worried that the market rally was becoming too dependent on a handful of massive tech stocks.

Persons: Dow, Julian Emanuel, we've, we're, Donald Trump, Joe Biden Organizations: Dow Jones, Nasdaq, Investors, Express, Travelers, Comerica, Fifth, Republican National Convention

☆ Dow slides by more than 450 points and tech stocks continue to sell off
▼ + stars: | 2024-07-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +1 min

New York CNN —US stocks sold off broadly Thursday as Wall Street continued to shed tech stocks. The Dow fell 464 points, or 1.1%, retreating from a record high reached a day ago. Investors have this week moved out of the Magnificent Seven tech stocks that powered the market to repeated record highs this year. Shares of smaller companies that tend to do well in a lower-rate environment began rallying last week, helping the Dow reach fresh highs. Tech stocks also took a hit this week after Bloomberg reported Tuesday that the Biden administration is mulling plans to impose more sanctions on Chinese tech firms and to heighten semiconductor trade restrictions between the US and China.

Persons: Dow, ”, Louis Navellier, Russell, Tesla, Biden Organizations: New, New York CNN, Nasdaq, Wednesday . Energy, Navellier, Associates, Federal Reserve, Dow, Nvidia, Microsoft, Meta, Tech, Bloomberg Locations: New York, China

☆ The small cap rally ‘has legs,’ says Citi’s stock strategist Scott Chronert
▼ + stars: | 2024-07-18 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

After a difficult two years for small cap stocks, the sector finally appears on path for a comeback, according to Citi Research head of U.S. equity strategy Scott Chronert. The small cap benchmark Russell 2000 index is up 4.3% week to date alone amid a 9.4% rally in July. As investors become more enthusiastic on the prospect of forthcoming interest rate cuts, they've started to sell off mega cap technology names — which have led the market rally — in favor of the rate-sensitive small cap sector. Banks currently have an "easier" valuation starting point, according to Chronert. The sector overall contains little exposure to tariffs — which has become a major campaign platform of former president Donald Trump.

Persons: Scott Chronert, they've, Chronert, CNBC's, Russell, Banks, Donald Trump Organizations: Citi Research, Federal, Trump, CNBC, Market, Survey

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