Previous close | 30.17 |
Open | 30.17 |
Bid | 29.00 |
Ask | 33.15 |
Strike | 50.00 |
Expiry date | 2026-06-18 |
Day's range | 30.17 - 30.17 |
Contract range | N/A |
Volume | |
Open interest | N/A |
On today's episode of Market Domination Overtime, Hosts Julie Hyman and Josh Lipton analyze the market close and discuss some of the biggest stories from the trading day. The Dow Jones Industrial Average (^DJI) closed above its flatline on Friday, while the Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) stumbled in the trading session. Overall, the three market indexes capped off another week of gains on their five-day moving averages following the Federal Reserve's decision to cut interest rates. Lazard chief market strategist Ron Temple argues that the market is "well positioned to continue to gain ground over the long term and the intermediate term." He believes that the Fed's 50-basis-point cut "effectively bought an insurance policy against excessive weakening in the labor market." He continues, "Now you combine that with a strong corporate sector, a strong household sector, good corporate earnings, this is a market that can continue to work." A new Wall Street Journal report notes that Qualcomm (QCOM) approached Intel (INTC) about a possible takeover. Futurum Group chief market strategist Cory Johnson explains, “This would be the biggest deal in the history of the semiconductor industry, ever.” As the election lies just a month and a half away, Yahoo Finance Senior Columnist Rick Newman discusses how voters are weighing Vice President Kamala Harris and former President Donald Trump's contrasting economic agendas. Newman notes that Harris and Trump are polling neck-and-neck when it comes to handling the economy. He explains that the economy used to be one of Trump's biggest advantages over President Biden, and since he exited the race, Harris has "completely neutralized" the advantage. Friday’s market close marked the end of a “triple witching” session where $5.1 trillion in stock index futures, stock index options, and stock options expire simultaneously. EToro US investment and options analyst Bret Kenwell tells Yahoo Finance, “Today was one of the four big expiration dates of the year when it comes to the options market, and you saw that action leading up to today's session with so much back and forth." Finally, Julie Hyman and Josh Lipton break down what to watch next week, from Fed commentary to August's Personal Consumption Expenditures (PCE) data. This post was written by Melanie Riehl
Chip giant Qualcomm (QCOM) reportedly approached fellow semiconductor manufacturer Intel (INTC) about a possible takeover bid, according to the Wall Street Journal. Market Domination co-hosts Julie Hyman and Josh Lipton report on this story with the details current available and how Intel's stock is reacting to this headline. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
Intel stock rallied on a WSJ report that Qualcomm had recently approached the chip giant about a possible takeover.