In today's episode of Market Domination Overtime, hosts Josh Lipton and Julie Hyman dive into the most prominent dynamics leading stocks and the US housing market. US equities (^DJI, ^IXIC, ^GSPC) are in focus as the major indexes rebound following a bad day for Big Tech stocks. Paul Hickey of Bespoke Investment Group joins to discuss the "rubber band" dynamic being created within markets. Mortgage rates are on a decline, potentially opening the door for new homebuyers. Zillow senior economist Orphe Divounguy joins to discuss everything buyers need to know from housing affordability to the best markets to shop in. This post was written by Angel Smith
The trading day is just about over, but the market action never ends. Julie Hyman and Josh Lipton take investors through the finally trading hour of Friday, July 12, on this episode of Market Domination. Barclays analyst Jason Goldberg joins the program to talk about banking industry trends potentially outlined in this morning's second quarter earnings out from JPMorgan Chase & Co. (JPM), Citigroup (C), and Wells Fargo (WFC). F/m Investments CEO Alex Morris discusses his winners and losers for REITS, or real estate investment trusts, in today's segment of Good Buy or Goodbye. Other top trending tickers on the Yahoo Finance platform include Deckers Outdoor (DECK), EVgo (EVGO), Tesla (TSLA), Royal Caribbean Cruises (RCL), and AT&T (T) and Snowflake (SNOW) after the telecom company divulged the details of major data breach from April. This post was written by Luke Carberry Mogan.
As mortgage rates begin to see some easing and housing inventory begins to recover, there may be some hope on the horizon for potential homebuyers. Zillow senior economist Orphe Divounguy joins Market Domination Overtime to give insight into the housing market, what potential homebuyers need to know, and the more affordable housing markets in the US. Divounguy elaborates on some of the good news: "We have a low 4.1% unemployment rate. The loosening in the labor market came from a big increase in labor supply as opposed to layoffs. Potential home buyers are basically seeing mortgage rates easing, and that could be helpful for the housing market going forward. You take that and you combine that with the fact that we have more inventory than we had a year ago, and those are positive signs ahead". 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 Nicholas Jacobino
Stocks (^DJI, ^IXIC, ^GSPC) open Friday's session higher, the S&P 500 eyeing to return above its benchmark high of 5,600. Treasury yields (^TYX, ^TNX, ^FVX) are reacting to this morning's Producer Price Index (PPI) inflation data. Seana Smith and Brad Smith recap index movements after the opening bell while Jared Blikre monitors the energy sector (XLE) and crude oil (CL=F, BZ=F) upward price momentums. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
MP Tulip Siddiq called for crypto regulation as shadow economic secretary while in the opposition, and now the Labour Party is in control of the UK government.