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Dow Jones Industrial Average (^DJI)
| Previous close | 39,935.07 |
| Open | 40,140.90 |
| Volume |
| Day's range | 40,140.86 - 40,753.83 |
| 52-week range | 32,327.20 - 41,376.00 |
| Avg. volume | 354,383,064 |
- Yahoo Finance Video
What retail investors want to know about markets right now
It was a rocky week for stocks, with the Dow Jones Industrial Average being the only of the big three indexes (^DJI,^GSPC, ^IXIC) to post a weekly gain. But retail investors have seemingly shrugged it off, Investopedia Editor-in-Chief Caleb Silver tells Yahoo Finance. Based on Investopedia's sentiment indicators, Silver thinks that, overall, the stock decline may not have lasted long enough for it to really register with individual investors. "Even though we have had these sort of pauses... this rotation is super healthy and I think investors that have been through a couple of cycles know this. They know that market breadth expansion is actually good for the overall health of the bull market," he says. So, what is Investopedia's audience interested in right now? The election, though Silver notes that it's "not necessarily about who wins as much as what kind of chaos can we expect in front of and during that election." He also notes there is interest in debt levels by president, inflation rates by president, and investing in small caps. For more expert insight and the latest market action, click here to watch this full episode of Asking For A Trend. This post was written by Stephanie Mikulich.
- Yahoo Finance Video
IPO market to recover over the next year: Expert
Lineage (LINE) debuted on the Nasdaq on Thursday, raising $4.4 billion in its IPO (initial public offering) and making it the largest IPO seen in 2024. With inflation putting pressure on all corners of the economy, the market has seen a dip in IPOs. Citi co-head of equity capital markets for North America Paul Abrahimzadeh joins Market Domination Overtime to discuss the state of the IPO market and its road to recovery. "I think we've had a lot of good data points year to date. IPO volumes up over 100% year over year. That's off a low watermark. When you look at the backdrop with the S&P (^GSPC) up 15% this year after a 40% rise last year, the sixth-best rise in history last year, you've got a lot of factors that are driving issuance," Abrahimzadeh explains. "You've got the market trading within 5% of all-time highs. We're trading at 21 times on the S&P on a forward PE basis [price-to-earnings ratio]. That's a 12% premium to the ten-year trailing average. So there are a lot of reasons why issuers want to bring deals to market." Abrahimzadeh notes that while markets this year have been focused on large-cap growth, "the reality is the aperture is widening" — especially as the Russell 2000 (^RUT) small-cap index has been on the move. He believes that "the private market is starting to thaw" in the post-pandemic period: "The market is showing some green shoots. We're seeing an increase in valuations for sequential rounds. We're seeing less structure in the current period. But the reality is the IPO market's offering excessive demand. There's plenty of demand to get companies public at rich valuations. And deals are generally doing well." Abrahimzadeh notes that 50% of IPO deals year-to-date have priced either at the high end or above their range, and the average day-one performance is up 15%, creating a "very good environment to bring companies public." While the market continues to thaw, Abrahimzadeh also believes "the jewel box is going to open in the next 12 to 18 months." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
- Yahoo Finance Video
How to recession-proof and election-proof your portfolio
As Wall Street's confidence in a September interest rate cut from the Federal Reserve grows, Insigneo Chief Investment Officer Ahmed Riesgo believes it will come too late to offset a recession. Riesgo joins Market Domination to discuss what a recession could mean for markets and how investors should position their portfolios in preparation. "New money should not be deployed in the equity market right now, or if it is going to be deployed in the equity market, it should be deployed in highly defensive sectors like utilities (XLU), for example," Riesgo explains. He argues that utilities are a great way to not only play the defense side, but also the AI boom as demand for electricity increases. He adds, "the most attractive place to deploy money right now is in long-duration Treasuries and gold (GC=F) specifically." As the 2024 presidential race nears, Riesgo says, "prediction markets really haven't budged all that much. They're roughly still showing Trump with a 60% chance of winning the presidency and Kamala Harris sitting at around 40%. We think those odds are rational at this moment." However, he notes that there has been a difference in House races, explaining, "we think this is part of the reason why the Democrats made the move because of the down-ballot effects. I think there is going to be greater turnout and greater enthusiasm for Kamala than there was for Biden. And we think that's going to help down-ballot in the House races. So the House is, I would say, a bit of a toss-up right now, slightly favoring the Democrats." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
