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I:RUT Jul 2024 Weekly 1940.000

OPR - OPR Delayed Price. Currency in USD
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0.78000.0000 (0.00%)
As of 10:33AM EDT. Market open.
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Previous Close0.7800
Open0.7800
Bid0.4000
Ask0.5500
Strike1,940.00
Expire Date2024-07-31
Day's Range0.7800 - 0.7800
Contract RangeN/A
Volume2
Open Interest208
  • Yahoo Finance Video

    Big Tech forecasts, China's luxury consumers: Market Domination

    Market Domination hosts Julie Hyman and Josh Lipton guide investors through the final trading hour of Wednesday, July 24, as US equity markets (^DJI, ^IXIC, ^GSPC) react to earnings out from Alphabet (GOOG, GOOGL) and Tesla (TSLA) and anticipate more results from Big Tech. Citi head of US equity strategy Scott Chronert comes on the program to talk about the role Magnificent Seven tech stocks will have in the ongoing market rotation. Former Chairman of LVMH North America Pauline Brown discusses the consumer pullback from China that is hitting luxury retail brands, including the likes of LVMH (MC.PA, LVMUY) and Burberry (BRBY.L). Other top trending stock tickers on the Yahoo Finance platform include Enphase Energy (ENPH), Ulta Beauty (ULTA), and Lamb Weston Holdings (LW). This post was written by Luke Carberry Mogan.

  • Yahoo Finance Video

    2 reasons why small caps are outperforming Big Tech

    Small caps outperformed Big Tech in the last month as the Russell 2000 (^RUT) rose over 10%. Portfolio Wealth Advisors president & CIO Lee Munson joins Wealth! to break down the movement and the disappointment in Big Tech earnings. Munson points to two reasons behind the recent growth of small caps. First, he explains that small caps generally perform well at the beginning of an expansionary cycle as opposed to a late cycle. "I think what people have to remember is that we have this presumption that we're going to start slowing down. We have this presumption that the Fed is going to have to cut rates. Why are they going to have to cut rates? Because we don't want to cause a recession. So the market's looking 6 to 12 months out from today... And so people are starting to load up on what they think is going to be this huge expansion going into next year, and the election and the presidential candidates have a lot to do with that," he says. The second reason boils down to the short-term prospects of AI: "People are starting to get the message that while I love ChatGPT, I'm on every single moment of my life, but it's going to take time to really make the killer app. The thing that's going to cause Apple (AAPL) to have to sell a whole new line of stuff that's going to cause Microsoft (MSFT) to have this whole new software to sell people, and that it's not going to happen in the next six months. And so people are starting looking at profitability, they're starting to question it." As second quarter Big Tech earnings roll in, investors have been largely disappointed. Munson explains that investors want to see immediate returns on these companies' capital investments, which poses an issue as the AI trade takes longer to materialize. He believes there isn't a sell-off of Big Tech, but rather, there is more of a "buyer strike." With the Federal Reserve eyeing a September interest rate cut, he believes that small-cap stocks and "all the other stocks that are not Mag Seven" are poised to benefit as their debt loads will decrease. Be sure to check out Lee Munson's interview with Jared Blikre on Stocks in Translation here.  For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl

  • Yahoo Finance Video

    Fed's soft landing chances 'open' but 'increasingly narrow'

    The S&P Global Composite PMI (Purchasing Managers' Index) preliminary print for July came out higher than expected at 55, with manufacturing PMI falling to 49.5 and services PMI rising to 56. This new piece of economic data, relatively in line with expectations, shows more signs that inflation may be on the path to the 2% target goal the Federal Reserve is looking for. What does this mean for the economy and for investors? JP Morgan global market strategist Hugh Gimber joins Catalysts to give insight into the recent PMI data and what it means for the Fed and for the broader market (^DJI, ^IXIC, ^GSPC). "What this really tells me is that the path to a soft landing for the Federal Reserve is still open, but it is increasingly narrow because when we start to analyze all of this economic data that's coming through, what you're looking for is the perfect combination of growth holding up just well enough to keep the economy moving forward, but not too well, and reigniting inflationary pressures," Gimber says. "And so when we translate that into how we think the Federal Reserve will be moving over the coming quarters, I think the case for them to start lowering interest rates is quite clear at this point." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino