NASDAQ Composite (^IXIC)
| Previous close | 17,871.22 |
| Open | 18,119.20 |
| Volume |
| Day's range | 17,691.43 - 17,935.14 |
| 52-week range | 12,543.86 - 18,671.07 |
| Avg. volume | 5,739,428,225 |
- Yahoo Finance Video
CrowdStrike outage, Netflix earnings: Asking for a Trend
On today's edition of Asking for a Trend, Host Josh Lipton breaks down some of the biggest themes and stories hitting the market, from the CrowdStrike outage to new technology in cars. The CrowdStrike (CRWD) outage did more than sink the cybersecurity provider's stock on Friday; a CrowdStrike update impacted Microsoft Windows (MSFT) systems leading to worldwide tech outages and massive headaches for banks, airlines, and even emergency services. Market Domination host Julie Hyman details the pain points felt by these industries over the course of the day. Yahoo Finance Markets and Data Editor Jared Blikre discusses some of the top market trends of the day, from a rotation out of Big Tech to a crash in the price of copper (HG=F). Netflix (NFLX) recently reported its second quarter earnings, revealing a gain of 8 million paid subscribers. Ish Entertainment Founder & CEO Michael Hirschorn joins Asking For A Trend for Media, Streaming, & Investing: What's Next to give insight into Netflix's earnings and why the streaming giant seems to be standing out among the rest. He says, "I think that the trend that is not discussed all that much that I think is pretty important is the retreat from what's called SVoD, which is the subscription video on demand, and the move towards what's called AVoD, which is advertising video on demand. So Netflix and some of the other platforms have been pushing their subscribers away from from a paid subscription model to what has become a more lucrative advertising model, which should sound familiar to people because it's kind of the same model that existed in cable." Luxury auto brand Lincoln made a surprising list — AdAge's list of America's hottest brands. The brand is seeing a revival thanks, in part, to a commercial for its Nautilus SUV. Yahoo Finance autos reporter Pras Subramanian explains how the Nautilus' high-tech features are attracting younger buyers. This post was written by Melanie Riehl
- Yahoo Finance Video
Markets slip, Big Tech earnings on tap: Market Domination Overtime
On today's episode of Market Domination Overtime, Hosts Julie Hyman and Josh Lipton break down the market close and some of the biggest stories dominating the trading week. The Dow Jones Industrial Average (^DJI) closed Friday over 0.9% lower — shedding more than 370 points — with the Nasdaq Composite (^IXIC) and S&P 500's (^GSPC) also posting losses of over 0.8% and 0.7%, respectively, on Friday. PNC Asset Management Group CIO Amanda Agati explains, "I think it's a little bit of an awakening in the broader part of the market here as we sort of hit the halfway point of the year and set the stage for the second half. So I think it's been a very interesting couple of weeks." She argues a rotation is beginning as the markets broaden outside of Big Tech, adding, "the handoff between large to small and mid and certainly growth versus value has been sloppy. This relay race has not been a clean handoff, but I think it's what sets the stage for the second half. It's going to be choppy out there." More reports of Democrats urging President Biden to drop out of the race have surfaced, and Yahoo Finance Senior Columnist Rick Newman joins to discuss how Biden's chances of winning the election are dwindling. American Action Forum president and former CBO Director Douglas Holtz-Eakin explains how Trump's policies differ from the traditional Republican policies of the modern era. He says that the former president's mix of policies is not "recognizable as traditional Republican policy, but I don't think it's an entirely new brand yet. There are these elements that exist, they reflect something that I think is real and new, and that is a far more inward-facing Republican Party." Holtz-Eakin points to more isolationist foreign policy and less commitment to using the military to defend freedom globally as different policies from the traditional Republican agenda. Finally, Julie Hyman and Josh Lipton break down the biggest market stories to watch next week, from Big Tech earnings to June's Personal Consumption Expenditures (PCE) report. This post was written by Melanie Riehl
- Yahoo Finance Video
Market rotation, interest rates, copper crash: Market Trends
Markets (^DJI,^GSPC, ^IXIC) pulled back in Friday trading, burdened by declines in chip stocks and investor rotations out of Big Tech into small-cap stocks, like the Russell 2000 (^RUT) index. With the Federal Reserve eyeing its first interest rate cut in September, small-cap stocks could continue to rally as market participation broadens out. Meanwhile, copper prices (HG=F) have been crashing, reacting negatively to the most recent and favorable economic news. Yahoo Finance markets and data editor Jared Blikre joins Asking for a Trend to break down the top market trends of the day. 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 Melanie Riehl
