Yahoo Finance’s Jared Blikre joins the Live show to summarize Friday’s ‘Morning Brief’.
– Welcome back to “Yahoo Finance Live.” Let’s take a look at markets here. All green across the board. The Dow losing a little bit of ground here, though. We’re seeing the NASDAQ still ticking up though about 1/2 a percent, and the S&P 500 also seeing gains, though. Still buying action for the Dow, but a little bit slow. Early on in the trading day, let’s also get to Jared Blikre at the Wi-Fi Interactive for a check on the volatile crypto market as it looks to close out an interesting month.
JARED BLIKRE: Yes. Crypto has been a leader this year. And so, let’s get into the charts. We’ll get to crypto in a second. I want to focus on the indices, everything in the US and Canada, by the way, in the green, and let me show you what’s been happening for the week. The Dow is up over the past five days. 2.4%. And the NASDAQ is up 2.9%.
So interestingly, the Dow is actually leading, which has not been the case for most of the year. In fact you take a look at the year-to-date for the Dow as we close the quarter, it’s just down slightly. Basically break even. Whereas, the NASDA is up 15%, and we know the NASDAQ 100 entered a bull market only a couple of days ago.
Let me show you the price action, what’s happening in the sector action today. Real estate, it was a leader yesterday, a leader today as well. It’s up 1.3%. Consumer discretionary, that’s XLY, communication services, Staples, industrials, financials. All of those are on the top row here, as you can see everything in the green. Tech is the biggest laggard, though, and let’s take a look at the NASDAQ 100 real quick. A few red spots, but not seeing really anything too major. AMD, by the way, down about 2.3%. Tesla up about 1.8%. Moderna up 3.3%.
But let’s get to the crypto stage here. Bitcoin, you know what? I’m going to go back here for 2 seconds. This is our leader, and I want to show you something related to crypto. This is year-to-date. Beto, that is my proxy that trades in the US markets here. For Bitcoin, that is up 68%. And remember that Bitcoin has often been a leader in the risk markets over the last few years and has been reacting to fed reports and inflation reports in the right direction at stocks, but even more so. In other words, the magnitude has been greater. So interesting to see that playing out.
So let me get back to our crypto page. You can see Bitcoin up 71%. That is the underlying, and I’m going to put a three-year chart so we can get a bigger picture view here of exactly where we are. 28,000. Let’s see if we can go back there. 28,000 not a real big level that I’m seeing in my work. 30,000 is kind of the next one that we’re seeing.
But it was able to clear 25,000, and that was a huge, huge sticking point. So let me just dial this down to a six-month chart, and we can see up, up, and away to the upper right. As I said, a couple more 1,000 and we’re going to 30, and that’s where the rubber meets the road, guys.
One thing is certain in the stock markets lately: their inherent uncertainty is taking charge, and high volatility is here to stay. For months, investors and economists have worried about the recessionary effects of the Federal Reserve’s anti-inflationary interest rate hikes – but the recent bank crisis has added another layer of concern to an already tumultuous situation. Now, we’re dealing with the fallout from that crisis, and inflation and interest rates both remain high. It’s a textbook cas
More details on Tesla, Inc.’s (NASDAQ: TSLA) Cybertruck continue to be released, with the company posting another video of its long-awaited vehicle. What Happened: On Saturday, Tesla’s Twitter account shared a video of a crash test of the Cybertruck. The 37-second clip shows a Cybertruck whizzing past a group of awestruck spectators gaping at it from behind windows. The vehicle is shown stopping short of crashing against the obstruction. The irony is that the crash, which is central to a crash t
The average U.S. home sales price hit $535,800 in 2022. We asked experts how much you need to earn to afford a home around that price point.
Mohamed El-Erian, chief economic adviser at Allianz and Bloomberg Opinion columnist, says the worst of the recent turmoil in banking is over, but there are still warning signs. "We're going from liquidity to capital, and from financial contagion to economic contagion," El-Erian said in an interview on Bloomberg Television in Cernobbio, Italy. El-Erian's opinions are his own. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en
With a yield of 9.62%, the recently expired Series I bond was understandably popular. With interest rates rising, bond funds are down this year and banks continue to offer miserly rates on deposit accounts. So it's no wonder that a … Continue reading → The post It Pays to Procrastinate: The New 6.89% I bonds Will Beat the Old 9.62% Bonds in Just 4 Years appeared first on SmartAsset Blog.
Investors enjoyed a small S&P 500 rally in March. But there were much more lucrative places to put money in the month.
Troubled regional lenders will starve indebted businesses and households of credit, trigger a hard landing, and turn a liquidity crisis into a balance sheet crisis, warns the noted economist.
The Baby Boomer generation is reaching retirement age in record numbers. With more Boomers retiring on a daily basis, it helps to understand how prepared they are to leave their jobs for good. In this article, we’ll discuss the average … Continue reading → The post Average Retirement Savings for Baby Boomers appeared first on SmartAsset Blog.
The biggest cigarette company in the U.S. acknowledges that it has to move toward smokeless products. But to hold its shareholder base, it also knows it has to grow an already rich dividend.
(Bloomberg) — Just when it seemed like things were getting back to normal at Rhett Ricart’s Columbus, Ohio, car dealerships — after pandemic-induced inventory shortages and runaway price inflation — a new obstacle emerged to keep buyers from closing the deal: soaring interest rates on auto loans.Most Read from BloombergVeteran Money Managers Bail on Stock Rally With Fed Hawks FlyingParents Are Paying Consultants $750,000 to Get Kids Into Ivy League SchoolsGlobal Food Supply Risks Rise as Key Tr
(Bloomberg) — A case of mistaken identity is sparking a selloff in Republic First Bancorp Inc., which had fallen by more than 40% this month because investors have it confused with embattled First Republic Bank.Most Read from BloombergVeteran Money Managers Bail on Stock Rally With Fed Hawks FlyingParents Are Paying Consultants $750,000 to Get Kids Into Ivy League SchoolsGlobal Food Supply Risks Rise as Key Traders Leave RussiaTrump Weighs Asking to Move NY Criminal Case to Staten IslandPutin S
A recent study from the career experts Zety says that 40% of respondents fear retirement more than death. And almost nine in 10 responded that their biggest retirement fear is not having enough income. For married couples, planning retirement for two people can … Continue reading → The post Average Retirement Savings for Married Couples By Age appeared first on SmartAsset Blog.
The Charles Schwab Corporation (SCHW) closed the most recent trading day at $52.38, moving -0.17% from the previous trading session.
Regardless of what stage of the market cycle we're in, some folks never tire of searching for cheap stocks to buy. If it has thin trading volume, the fund manager will have an awfully tough time accumulating shares — without making a big impact on the stock price. IBD research also finds that dozens, if not hundreds, of great stocks each year do not start out as penny shares.
The satellite deployment startup founded by Branson is letting go of the bulk of its staff, citing an “inability to secure meaningful funding.”
March deliveries from the three Chinese EV makers fell within the companies' guided ranges. Combined deliveries were up month over month and year over year.
The market rally is building momentum with more stocks flashing buy signals. Tesla deliveries are due as EV rivals report Q1 sales.
People are rushing into money-market funds. Total assets held in money-market funds, which are investment vehicles that buy cash-like securities such as short-term Treasury bills, recently reached close to $5.5 trillion, according to RBC. Earlier this year, money-market fund assets stood at roughly $4.5 trillion, a level at which people stopped pouring more money into those funds a few times in the past few years, opting instead to buy other assets like stocks.
(Bloomberg) — A powerful spring storm system that whipped up deadly tornadoes over the southern and Midwestern US is expected to bring severe thunderstorms and wind gusts to parts of the East Coast late Saturday, including to New York City.Most Read from BloombergVeteran Money Managers Bail on Stock Rally With Fed Hawks FlyingParents Are Paying Consultants $750,000 to Get Kids Into Ivy League SchoolsGlobal Food Supply Risks Rise as Key Traders Leave RussiaTrump Weighs Asking to Move NY Criminal
(Bloomberg) — Optimism about imminent rate cuts is stirring animal spirits — and unease — in equal measure at the end of a turbulent quarter in markets. Most Read from BloombergVeteran Money Managers Bail on Stock Rally With Fed Hawks FlyingParents Are Paying Consultants $750,000 to Get Kids Into Ivy League SchoolsGlobal Food Supply Risks Rise as Key Traders Leave RussiaTrump Weighs Asking to Move NY Criminal Case to Staten IslandPutin Signs New Russia Foreign Policy Against ‘Hostile’ WestPromi
