Stocks (^DJI, ^IXIC, ^GSPC) reversed course throughout Wednesday and ended up closing the session lower. The Nasdaq Composite fell by over 180 points. Market Domination Overtime Host Julie Hyman reviews the day's trading activity, eyeing the performance of tech leaders Nvidia (NVDA) and Snap Inc. (SNAP). 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 Luke Carberry Mogan.
(Bloomberg) -- The effort to force TikTok’s Chinese parent company ByteDance Ltd to divest its ownership of the social media platform would quickly become law under a plan outlined Wednesday by House Speaker Mike Johnson.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsBankers Hit With Millions in Breakup Fees for Ditching New JobsChin
As the first quarter earnings season progresses, analysts at JPMorgan (JPM) have taken a bullish stance on the internet sector. The investment bank is particularly positive about names like Netflix (NFLX), Meta (META), and Uber (UBER). However, JPMorgan's top pick among the group is Amazon (AMZN), which the firm calls its "best idea" for 2024. Yahoo Finance's Seana Smith and Brad Smith break down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith