|Day's range||1,861.20 - 1,893.53|
|52-week range||1,641.47 - 2,030.05|
Small-cap stocks are playing catch up with the megacap tech rally. Yahoo Finance markets reporter Jared Blikre breaks down the market movement.
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With U.S. stock market volatility back at pre-pandemic lows, you'd be forgiven for wondering where the market angst had gone. A widely expected pause in the Federal Reserve's brutal rate rise campaign next week is clearly helping the mood, with futures now showing only a one-in-five chance of another tightening on June 14.
Apparently, what's potentially bad for the crypto market can be a boon for equities -- especially of the small-cap variety.
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Binance shares sold off -9.5% directly following the lawsuit registered against the company by the SEC.
Though small-cap stocks underperformed the mega-cap stocks this year, things could turn in favor of the pint-sized stocks now.
World markets retained a warm afterglow from Friday's shining U.S. employment reading, with only minor gains in crude oil prices on Saudi Arabia's output cut clouding the picture. With the Federal Reserve moving into a blackout period ahead of a June 14 policy decision, futures markets only see just over a one-in-four chance of another rate hike this month - though one final quarter point rise in July is still largely priced.
Tomorrow morning's Employment Situation brings us the biggest economic report of the week, and arguably of the month.
Wall Street closed higher on hopes that the Federal Reserve may soon take it easier on its hikes to interest rates, with the S&P 500 gaining 1% Thursday. Altogether, investors saw the data pushing the Fed toward not hiking rates at its next meeting in two weeks. The Nasdaq composite led the market’s gains as Big Tech stocks climbed.
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While JOLTS illustrated a still-warm labor market, tech and retail companies reported Q1 earnings late.
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Case-Shiller Home Price Index numbers are also out this morning, widely considered the strongest housing data in the industry.
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As the AI-led tech stock boom unfolds, there's light at the end of the U.S. debt ceiling saga - only markets now reckon the Federal Reserve will tighten policy even further this summer. Investors juggled these three strands over the past 24 hours, with top-line equity index relief from the Nvidia-inspired spur to artificial intelligence and chip stocks everywhere. Encouraged by more hawkish policymakers this week, the upshot has been a remarkable rethink of Fed policy horizon that now has futures markets almost fully pricing another quarter point rate hike to the 5.25-5.50% range by the end of July.
Wall Street’s building mania around artificial intelligence helped lift the market, even as worries worsen about political rancor in Washington. Because of its immense size, Nvidia is one of the most influential stocks on the market, and it helped push the Nasdaq up 1.7%. The Nasdaq composite rose 213.93 points, or 1.7% to 12,698.09.
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A buy-write, also known as a covered call strategy, is an investment strategy used to generate income and potentially hedge against downside risk.
Today's market activity suggests a possible debt default event is definitely on the market's radar by now.
AST SpaceMobile (NASDAQ: ASTS) is being added to two indexes, an event that will likely lead to more mutual fund buying. The news led to a 6% move higher for AST shares at the market open -- but the stock was unable to sustain those gains. AST SpaceMobile is in the early stages of an ambitious and risky plan to connect run-of-the-mill smartphones via satellites.
Tthe Nasdaq and the small-cap Russell 2000 continued aloft through the closing bell.