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LOW Jan 2025 150.000 call
| Previous close | 91.50 |
| Open | 91.50 |
| Bid | 75.80 |
| Ask | 79.30 |
| Strike | 150.00 |
| Expiry date | 2025-01-17 |
| Day's range | 91.50 - 91.50 |
| Contract range | N/A |
| Volume | |
| Open interest | 11 |
- Yahoo Finance Video
Microsoft's ChatGPT-4o integration, ethereum surge, retail earnings: Market Domination
On today's episode of Market Domination, Yahoo Finance Hosts Julie Hyman and Josh Lipton break down some of the trading day's biggest stories and the AI boom's impact on the market (^DJI,^GSPC, ^IXIC). Federal Reserve Governor Christopher Waller said he favors holding higher interest rates for longer, needing several months of favorable inflation data before pursuing rate cuts. Hennion & Walsh chief investment officer Kevin Mahn warns that this could be a slippery slope: "I think the Fed needs to be careful because if they keep rates too high for too long, they risk their own forecasted economic slowdown moving into a recessionary period." Microsoft's (MSFT) Build event kicked off with a series of announcements, like new plans to integrate OpenAI's ChatGPT-4o into its Azure AI Studio offering. This is the tech giant's latest artificial intelligence push to make it a key competitor as the AI race heats up. Ethereum (ETH-USD) prices are surging amid renewed optimism of the Securities and Exchange Commission (SEC) approving an ether ETF. Similar action in the crypto market was also seen in the lead-up to the SEC's decision on spot bitcoin ETFs at the start of 2024. Bitwise Asset Management CIO Matt Hougan expresses confidence, stating that the odds for a spot ether ETF approval are "up above 80% before the end of the year." On the retail front, Lowe's (LOW) and Macy's (M) both topped earnings expectations. However, shares of Lowe's are falling after the home improvement retailer saw a pullback among consumers in the do-it-yourself (DIY) segment, with sales in that category declining. Meanwhile, shares of Macy's are climbing after the company raised its full-year guidance amid weak consumer spending. This post was written by Melanie Riehl
Yahoo FinanceLowe's beats estimates, even as DIY consumers pull back
Home Depot earnings showed Wall Street with what to expect from Lowe's.
- Yahoo Finance Video
The housing market is discouraging big remodeling projects
Evident in home improvement retailer Lowe's (LOW) latest earnings, US home prices are becoming a growing deterrent to consumers wishing to invest in major renovation or remodeling projects. Will do-it-yourself (DIY) spending see a boost once mortgage rates begin to cool and the US housing market stabilizes? Abbe Will, the Harvard Joint Center for Housing Studies' Senior Research Associate & Associate Director of Remodeling Futures, joins Brad Smith on Wealth! to talk the interplay between the state of the US housing market and Americans' willingness to spend on home projects. "We do see that this softening in spending and home improvement and repair spending is partly driven by the ongoing weakness in the housing market... those high mortgage rates preventing folks from buying, from moving," Will explains. "And it is the weakness in existing home sales that is really a big factor in our forecast for softer spending this year. A lot of remodeling does tend to happen around the time of a sale." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Luke Carberry Mogan.
