Previous Close | 26.50 |
Open | 26.00 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 740.00 |
Expire Date | 2024-06-21 |
Day's Range | 26.00 - 26.50 |
Contract Range | N/A |
Volume | |
Open Interest | N/A |
Markets' Volatility Index (^VIX) is surging ahead by over 10% Tuesday morning, the second trading session in April. The month has historically been a period of "unwinding" momentum for stocks, according to BTIG Managing Director and Chief Market Technician Jonathan Krinsky. Krinsky joins Yahoo Finance Live to discuss whether the month — which is also the beginning of 2024's second quarter — could put a pause on year-to-date gains across markets and industries like the semiconductor landscape: "It's actually the worst month of the year on average for long-short momentum strategies. We're seeing areas like semis, which have had an amazing run starting to pull back. And then you're seeing areas like utilities which have lagged over the last few months start to actually perform well. There's different parts of the market doing different things. But, ultimately when you get that kind of momentum, that correlation break, that's when you see the rising Vix like we're seeing today." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Intel (INTC) posted fourth quarter results that topped estimates, but the weaker first quarter guidance is dragging the stock lower. Many other chip companies saw their stocks fall after the muted outlook. Yahoo Finance Tech Editor Dan Howley joins the Live show to discuss why Intel's guidance is impacting other chipmakers and what it could mean moving forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
BlackRock's Jay Jacobs discusses best investing themes for 2024.