Stock Exchange Overview
Stocks @ Night is a daily newsletter that provides a comprehensive analysis of the stock market after hours. Sign up for free to receive our daily insights directly in your inbox.
Market Highlights
Nvidia
Nvidia experienced a significant drop on Tuesday, losing a record-breaking $279 billion in market value. This marked the fifth time the stock has suffered such a loss in a single day. Despite a 9.5% decrease, Nvidia remains up 118% in 2024, but down 23.3% since June 20. Recent developments include a closer antitrust scrutiny by the Department of Justice.
VanEck Semiconductor ETF
Dividend stocks
Despite a challenging day for most stocks, dividend stocks like the SPDR S&P Dividend ETF (SDY) saw a relatively small decline of 0.4%. This ETF boasts a 2.4% dividend yield, making it an attractive option for some investors.
Utilities
The S&P Utilities Sector maintained its stability on Tuesday, hitting a new 52-week high with a 3% dividend yield. Utilities can be appealing in a low-interest-rate environment for the steady dividends they offer.
Big Oil
The S&P Energy sector experienced a 2.4% drop, with key players like APA, EOG Resources, and Halliburton showing losses. Despite recent decreases, some energy companies like Oneok and Targa have seen positive growth in the past month.
Upcoming Trends
Ahead of the NFL
With the NFL season kicking off soon, the focus will be on gambling stocks like DraftKings and Flutter. These stocks have seen fluctuations since earlier this year. CNBC will also release the much-anticipated list of NFL team valuations on Thursday’s « Squawk Box. »
Dollar Tree reports
Investors are eagerly awaiting Dollar Tree’s report, set to be released on Wednesday morning. Following Dollar General’s disappointing results, the pressure is on to see how Dollar Tree performs. The stock has experienced significant fluctuations recently, highlighting the challenges in the retail sector.
Source : www.nbclosangeles.com