The Magnificent 7 erased $2.3 trillion in market cap in June alone, the largest monthly loss ever for the group, even as the Nasdaq heads for its best quarter since 2020. CNBC’s MacKenzie Sigalos framed the split neatly on June 30: “the mag-7 erased 2.3 trillion in June alone, the largest monthly market cap loss ... The Mag 7 Just Lost $2.3 Trillion in a Single Month. Here’s the AI Fear Behind It
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The S&P 500 Index ($SPX ) (SPY ) today is up +0.67%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.85%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.40%. September E-mini S&P futures (ESU26 ) are up +0.58%, and September E-mini Nasdaq futures...
Venu Krishna went on CNBC’s Closing Bell Overtime on June 30 and argued that the money fleeing Big Tech is running the wrong direction. His pitch: a PEG ratio below 1 for the Mag 7 excluding Tesla, roughly 30% earnings growth in Q1, and multiples that have already been marked down. “Everybody, when they think ... A Strategist Says Big Tech Is ‘Completely Underappreciated’ With a PEG Under 1 as Everyone Bails
SpaceX is taking the fast lane to inclusion in the Nasdaq-100, but concerns about what it will do to the index may be overblown.
U.S. private employers added 98,000 jobs in June, according to ADP, as investors await Thursday’s payrolls report for clues on the labor market and interest rates.
<p>Nasdaq officially announced on June 26 that SPCX enters the index before market open on July 7. That triggers $4.3 billion potentially in forced buying from QQQ alone — and up to $27 billion across all Nasdaq-100 and Russell trackers. Here's who wins, who gets diluted, and the catch nobody's talking about loudly enough.</p>
If you hold Invesco QQQ Trust (NASDAQ:QQQ), you own the most heavily traded Nasdaq-100 vehicle on the market. You also own a fee structure that a nearly identical sibling fund quietly undercuts, with the gap showing up right where investors feel it: the trailing return. What You’re Actually Paying QQQ tracks the Nasdaq-100. So does ... QQQ Investors Are Silently Losing 6.86% Over Five Years to a Fee Structure Their Cheaper Sibling Doesn’t Charge
Some of the most popular index funds will need to own SpaceX next month.
Space stocks are diverging sharply at midday Wednesday, with the market’s newest space giant sliding even as smaller rivals rally on their own catalysts. SpaceX (NASDAQ:SPCX) shares are down 6% to $159.81, while Rocket Lab (NASDAQ:RKLB) stock is up 4% to $105.64 and Virgin Galactic (NYSE:SPCE) stock is climbing 3% to $2.99. The split looks ... SpaceX Falls 6% Despite a Bullish Dan Ives Rating as Rocket Lab Climbs 5%, Virgin Galactic Rises 3%
At +98K, ADP jobs growth is right in line with the trailing 4-month average.
On July 7, millions of index-fund investors will start owning a rocket company they never chose.
Binance expands its bStocks offering and adds support for Microsoft, Meta and more as tokenized U.S. securities.
Stocks are mixed in early trading, while crude oil is flat-lining at the end of a volatile quarter. Gold and silver are slightly higher along with the US dollar, while Treasuries and cryptocurrencies are losing ground.
Apple and Alphabet headline Zacks' July investing ideas as technical, seasonal and market breadth signals point to a potential buying opportunity.
Stock Market Today: The Dow Jones index wavered Tuesday ahead of key economic data. Drone maker AeroVironment soared 35% on earnings.
SpaceX joins the Nasdaq-100 on July 7 via fast-track inclusion, triggering an estimated $4.3 billion in passive institutional inflows ahead of an Aug. 6 lock-up expiration.
The U.S. and Iran agreed to pause their attacks on Sunday, with the two sides reportedly expected to convene in Doha, Qatar, for negotiations on Tuesday.
The numbers behind the artificial intelligence boom have stopped feeling abstract. AI capital spending is now propping up large portions of U.S. economic growth, hyperscalers are signing multi-year power contracts, and a handful of chipmakers have added trillions in market value while you watched from the sidelines. If that sounds painfully familiar, four exchange traded ... AI Just Minted $10 Trillion and You Own None of It. These 4 ETFs Put You in the Game