Financial News

After US market averages (^DJI, ^IXIC, ^GSPC) ended Monday's trading day in positive territory, Yahoo Finance senior reporter Allie Canal recaps the session's biggest market themes, including the anticipation behind August's Consumer Price Index (CPI) inflation data and the expected scope of an interest rate cut by the Federal Reserve at the central bank's September FOMC meeting next week. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend.

Verizon chairman and CEO Hans Vestberg reveals what's next for the telecom giant and what SpaceX's new spectrum deal means.

Snowflake CEO Sridhar Ramaswamy offers up a warning to investors in the software space.

The S&P 500 was up 0.2% and within striking distance of a high of its own. “Equities are holding onto early gains on a combination of rate cut hopes and positive S&P 500 inclusion headlines,” writes Mizuho’s Daniel O’Regan. Wall Street will get the Bureau of Labor Statistics’ preliminary revision of jobs growth for April 2024 through March 2025 on Tuesday, followed by the producer price index on Wednesday and the consumer price index on Thursday.

Investors look forward to a light week of reports and earnings, with inflation data taking center stage.

EchoStar has completely remade its balance sheet and its investment case. Now, it’s a primary way to invest in Elon Musk’s privately held space-technology company, SpaceX. Monday, EchoStar announced a deal to sell the company’s AWS-4 and H-block spectrum licenses to SpaceX.

Consumer staples are one of a few defensive sectors that look set to outperform. They’re also cheap.

Strategy missed the cut for admission into the S&P 500 Friday when three additions were announced— AppLovin Robinhood Markets and Emcor —and it could be tough for the big Bitcoin holder to be chosen. The company looks more like an exchange-traded fund or closed-end fund than an operating company with ample recurring revenue and profits. The company’s strategy is to issue equity—mostly common stock and some preferred—and buy Bitcoin, making it a giant repository of the cryptocurrency.

Goldman Sachs' chief economist Jan Hatzius expects growth to be 'relatively slow' before beginning to improve in 2026 following the Federal Reserve's interest rate cuts.

Tesla stock rose early Monday—a sign that cars simply don’t matter as much for the company as CEO Elon Musk and his artificial-intelligence ambitions—before slipping lower. The moves come after Friday’s 3.6% gain, catalyzed by Tesla’s 2025 proxy statement that outlined a new pay package for Musk worth roughly $1 trillion if all performance incentives were met. Tesla would also need to deliver 20 million vehicles, achieve 10 million active Full Self-Driving, or FSD, subscriptions, deliver one million Optimus humanoid robots, and have one million robo-taxis in commercial operation.

The Dow was down 14 points, or pretty much flat, after trading higher earlier in the morning. The Nasdaq, on the other hand, was still up 0.5% and on pace for a record close. Shares of tech companies and firms linked to artificial intelligence were buoying the S&P and boosting the Nasdaq.

Alphabet stock has been on a tear since a federal district court judge laid out what the company will have to do in response to his finding that the tech giant operates as a monopoly. Evercore ISI says the gains can continue. Analyst Mark Mahaney raised his price target on Alphabet to $300 from $240 on Sunday.

Amazon, Alphabet, and Meta spend huge sums on AI. Their spending won’t keep growing like it is now. That’s bad for all stocks.

The Earth imaging company posts better-than-expected revenue and a narrower-than-anticipated loss in its fiscal second quarter.

Yahoo Finance host Josh Lipton tracks today's top moving stocks and biggest market stories in this Market Minute, including the addition of Robinhood Markets (HOOD), Applovin (APP), and EMCOR (EME) to the S&P 500 (^GSPC) starting September 22; Broadcom (AVGO) inking a $10 billion AI chip deal with OpenAI; and Wells Fargo initiating coverage on Duolingo stock (DUOL). Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

Of the 11 major S&P 500 sectors, only tech, consumer discretionary, industrials, and communication services were rising. Tech was the clear leader with a gain of 1%, followed by consumer discretionary with a 0.7% gain. Industrials were up 0.3%, while communication services were up 0.1%.

The Nasdaq Composite hit its highest level on record and was on track for a fresh closing high on a mixed Monday for the broader market. The S&P 500 was up 0.4%, but only because of contributions from Broadcom, Lam Research, Palantir Technologies, Nvidia, among other AI-linked stocks; roughly 318 stocks in the index were trading down on the day. The Dow was up 52 points, or 0.1%, after bouncing between small gains and losses.

QuantumScape a company that makes batteries for electric vehicles, gave a live demo Monday that clearly made investors happy. QuantumScape and “PowerCo SE,” Volkswagen’s battery company, took the opportunity at Munich’s the IAA Mobility auto show to show how QuantumScape’s solid-state lithium-metal batteries powered an EV. “This demonstration represents a significant advancement in battery technology, showcasing the first anode-free solid-state batteries to move from laboratory discovery to real-world vehicle,” said QuantumScape in a statement.

Shares of Strategy were falling Monday after the Bitcoin -treasury pioneer missed out on inclusion in the dashing hopes that would trigger a flow of investments from funds seeking to match the index’s performance. While Strategy, formerly known as MicroStrategy posted a profit last quarter, clearing the final hurdle required for potential inclusion, it didn’t make the cut. The decision won’t have come as a shock to seasoned investors, and it shouldn’t discourage those who have bet on the buzzy cryptocurrency company, argued Benchmark’s Mark Palmer, a longtime fan of the stock.

EchoStar announced Monday it reached a $17 billion cash-plus-stock agreement to sell the company’s AWS-4 and H-block spectrum licenses to SpaceX. Spectrum—the frequencies over which wireless calls travel—is a finite resource that every mobile company needs. Just as you can’t have two radio stations in the same city broadcasting on the same frequency, companies such as AT&T Verizon Communications and T-Mobile US need spectrum for their customers’ calls and data.

Shares of the retailer haven’t moved much since April. The cruise operator’s stock is beating the S&P 500.

President Donald Trump’s firing of a top official at the Bureau of Labor Statistics following Friday’s dismal jobs report poses new questions for investors about how federal economic data will be viewed going forward, Capital Alpha Partners said in a note Friday. “It would be unprecedented in recent history for investors in U.S. markets to doubt the integrity of the data they use to make investment decisions,” managing partner Ian Katz wrote Friday evening. Trump’s decision to fire BLS Commissioner Erika McEntarfer unfolded after the agency released July jobs numbers and issued large revisions for May and June, lowering payroll gains by a combined 258,000 in those two months—the biggest such revision since the early days of the Covid-19 pandemic during spring 2020.

The initial response rate to government surveys of businesses has been low this year, diminishing the reliability of the first estimate of monthly job growth, one economist notes. Plus, investment newsletter commentary on gold, real estate, copper, and shrinking profit margins.

Yahoo Finance Markets and Data Editor Jared Blikre joins Asking for a Trend with Josh Lipton goes over the main themes from the trading day: the flurry of bad news with tariffs and jobs data, the return of the initial public offering (IPO) market with Figma's (FIG) public debut, and crypto's risk-market dive. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend.

It was a double whammy of news for the markets. First, it was President Trump's tariffs, with virtually all of the US trading partners getting hit with some sort of levy. Then there was the July jobs report, which not only fell short of estimates but also included big downward revisions to the May and June data. Yahoo Finance Markets and Data Editor Jared Blikre recaps the action at the close. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.

Stocks fell sharply on Friday, as Wall Street fretted over the latest tariff and labor market updates. The Nasdaq Composite slid 2.2%. President Donald Trump on Thursday unveiled plans for tariffs on countries that didn’t negotiate deals that will start on Aug. 7.

Markets are assessing the reshaped US trade landscape after Trump on Thursday laid out steep new tariffs for dozens of countries.

The Dow was sliding in Friday trading after a weaker-than-expected July jobs report sent Wall Street scrambling and bets on a September rate cut flying. Anyone who paid attention to markets last year will remember the August 2024 selloff, which was sparked by that year’s July jobs report. While last year’s report ultimately made the case for the Federal Reserve to cut interest rates by a half-point in September, the economy held steady and stocks eventually rebounded to fresh highs in the ensuing months.

The streaming firm’s revenue from hardware sales could be hurt by tariffs, and one observer notes Friday’s drop comes with a tough macro.

Yahoo Finance Markets and Data Editor Jared Blikre, who also hosts Yahoo Finance's Stocks in Translation podcast, does an exchange-traded fund (ETF) comparison between the SPDR S&P 500 (SPY) and Invesco QQQ (QQQ) to see how they contrast. Catch more Stocks in Translation, with new episodes every Tuesday and Thursday. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts.