| Previous close | 204.40 |
| Open | 204.60 |
| Bid | 204.15 x 0 |
| Ask | 204.35 x 0 |
| Day's range | 204.15 - 204.60 |
| 52-week range | 153.52 - 204.60 |
| Volume | |
| Avg. volume | 433 |
| Market cap | N/A |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Yahoo Finance Video
July 4th travel, S&P 500 broadening: Asking for a Trend
On today's episode of Asking for a Trend, host Josh Lipton breaks down key trends and stories from Tuesday's trading day. As Americans kick off their holiday weekend, AAA Travel senior vice president Paula Twidale breaks down what Americans can expect from July Fourth travel. Twidale explains that American airports are gearing up for a record 70.9 million people traveling for the holiday, revealing that the pent-up pandemic-era travel demand isn't over: "Consumers are not willing to give up the respite they deserve," she says. The Pacific Northwest, theme parks, and urban cities such as New York and Chicago are particularly popular domestic destinations, Twidale notes. However, she adds that international travel is equally high. The S&P 500 (^GSPC) and Nasdaq (^IXIC) closed at record highs in Tuesday's session. Jared Blikre breaks down his three biggest takeaways from the trading day: Tesla shares closing above $200, market concentration topping the 1929 peak, and the dip in stock volatility. Rising home prices and high mortgage rates are shutting out would-be US homebuyers. Angi co-founder Angie Hicks explains that Americans who would have thought about moving are now thinking about renovation. According to Angi's home spending reports, bathrooms are consistently in the top five renovation projects, while kitchens are in the top 10. Outdoor remodeling remains popular even in post-pandemic times, she adds. Seana Smith joins the show to analyze a new Wells Fargo chart showing the potential rebalancing of earnings growth in the S&P 500 (^GSPC). Wells Fargo notes that earnings growth will broaden beyond the "Magnificent 7," while participation and profitability outside of tech and communication services will also broaden. Finally, Apple (AAPL) has secured an observer role on OpenAI's board, according to a Bloomberg report. The seat will go to Phil Schiller, Apple's former marketing chief, who will be critical in providing Apple with key insight into OpenAI. Schiller will be allowed to attend board meetings but will not be able to vote or exercise any other director powers. This post was written by Melanie Riehl
- Yahoo Finance Video
Big Tech-EU regulation battle is 'new chapter in an old movie'
Meta Platforms (META) is under fire by EU regulators who claim the company's ad subscription model is a pay-for-content scheme that requires users to choose between paying a fee or handing over more personal data to use for targeted advertising. Imperial College Business School professor of economics Tommaso Valletti joins Catalysts to discuss Big Tech's regulation issues in the EU. Valletti notes that the European Commission tried to use antitrust laws to curb the market power of some Big Tech companies. However, that approach moved slowly, so they decided to regulate companies under the Digital Markets Act (DMA), which is a new policy that is designed to target companies identified as "gatekeepers." Meta was identified by the Commission as a "gatekeeper" and could be faced with fines for violating the Digital Markets Act in its advertising model. Companies charged under the Digital Markets Act may respond, which would kick off a regulatory dialog. Valletti says, "I suspect that the stakes are so high because the philosophy of the European Commission is that they would like some Big Tech companies to change the business model. So in terms of Meta, it's about data collection. In terms of Apple (AAPL), they have an ecosystem which is completely closed and they want to have a revolution there. But these companies are making so much money that for them, it's better to fight on legal grounds instead of changing the business model." He explains that fines for violating the act are more like a "slap on the wrist" compared to the revenue generation of Big Tech names like Apple, Meta, and Alphabet (GOOG, GOOGL): "Those fines don't really help at all if you want a certain conduct to be changed. And so you have to impose higher fines that DMA has the power to impose up to 10% of the global turnover. So actually this would be fines that hurt more. But then you have to go through courts to see whether this is going to happen or not. To me, it's more important, not that the fines are imposed, but the behavior of firms changes up-front because you don't want to fine people after they drive too fast. You want people to start slowing down." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
- Yahoo Finance Video
Apple's iPhone 16 cycle may not be enough to boost China sales
Apple (AAPL) continues to lose market share in China as, to which UBS analyst David Vogt believes, the next iPhone cycle may not be enough to boost device sales in the region. Yahoo Finance Tech Editor Dan Howley breaks down the tech consumer sentiment as more Chinese shoppers are pivoting to Huawei smartphones. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
