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I:NDX Aug 2024 17550.000 put

OPR - OPR Delayed price. Currency in USD
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21.850.00 (0.00%)
As of 03:12PM EDT. Market open.
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Previous close21.85
Expiry date2024-08-02
Day's range21.10 - 21.85
Contract rangeN/A
Open interestN/A

    Fed's Dudley now calling for Fed rate cut next week amid recession concerns -- Former New York Federal Reserve President Bill Dudley on Wednesday called for the Fed to cut rates as soon as next week amid recession concerns, reversing his long-held view for the U.S. central bank to persist with its higher for longer rate regime.

  • Yahoo Finance Video

    Why tech stocks are considered interest rate sensitive

    Invesco chief global market strategist Kristina Hooper joins Catalysts to discuss her chart for Yahoo Finance's Chartbook highlights how tech stocks have been sensitive to interest rates. "Tech stocks are viewed as a long-duration asset class because the earnings are farther out in the future, and so they're viewed as being more sensitive to interest rate changes. And so what we have here is not just the Nasdaq 100 (^NDX), but the Fed funds rate, and then something called the proxy funds rate... So what we see here is that clearly, tech stocks are very sensitive to interest rate moves, but particularly so when P/E ratios are higher," Hooper explains. She notes that the P/E ratio currently in the Nasdaq 100 hovers around 32, which is higher than the historical average and could signal greater sensitivity ahead. However, she adds, "I don't think we're going to see the kind of sensitivity we saw when the P/E ratio was over 100. So I think that's important to keep in mind when we think about what's going to happen and who's going to benefit the most from rate cuts." She believes that the tech industry will benefit from rate cuts, "but not dramatically," and expects greater moves to be seen in small caps .Click here to check out Volume 3 of the Yahoo Finance Chartbook. 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

    Nvidia, ASML, and TSMC stocks got hammered — here's why

    Chip stocks got hammered on Wednesdays. Reasons why include a media report that the US is considering tighter export restrictions, and a broader rotation out of Big Tech.