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Why Cathie Wood Says Forget Inflation and Growth Worries, as the Chip Rally Stalls
Barrons.com2d agobullish
Why Cathie Wood Says Forget Inflation and Growth Worries, as the Chip Rally Stalls

Rapid technological advancements are about to kick-start a period of economic growth that will make higher borrowing costs irrelevant, the ARK Invest CEO said on Monday, in a weekly newsletter. Chip and memory stocks were sliding in premarket trading, having helped power the Nasdaq Composite to a record high the previous session. Advanced Micro Devices declined 0.5%, after the chip maker topped a $1 trillion valuation for the first time ever on Monday.

Stocks Rally, Shaking Off Fed’s Rate Hike
The Wall Street Journal7d agobullish
Stocks Rally, Shaking Off Fed’s Rate Hike

Major stock-market indexes rallied, reversing the declines that followed the Federal Reserve’s interest-rate hike Wednesday. The PHLX Semiconductor Index rose 3.1% after comments from Intel Chief Executive Lip-Bu Tan about soaring memory prices. The Securities and Exchange Commission cleared a path for trading venues to offer tokenized stocks in the U.S., a landmark decision that may overhaul traditional equity markets.

10-Year Yield Moves Explain Today's Stock Rally
Barrons.com7d agobullish
10-Year Yield Moves Explain Today's Stock Rally

Stocks moved higher, a sharp reversal from yesterday's market action, after the Federal Reserve announced a rate increase. Peter Boockvar, CIO at One Point BFG Wealth Partners, credits the equity gains to easing in Treasury yields, alongside the pullback in oil futures. The Nasdaq Composite climbed 1.6%.

CPI Looms Large for Stocks as Oil and Yields Soar
Barrons.com14d agobullish
CPI Looms Large for Stocks as Oil and Yields Soar

Stocks fell for the fourth straight session ahead of tomorrow's critical inflation report, as the market was dragged down by surging oil futures and bond yields. The S&P 500 fell 0.6% and the Nasdaq Composite dropped 0.

Fed Fears Overpower Chip Jump, Sending Stock Market Lower
Barrons.com20d agobullish
Fed Fears Overpower Chip Jump, Sending Stock Market Lower

Stocks slipped on Friday, as worries mounted that the Federal Reserve will hike rates later this month. Chip stocks were a bright spot with the PHLX Semiconductor Index rising 3.4%, but it wasn't enough to offset broader market weakness. Odds that the Fed will raise rates rose to 58% after the August jobs report was released Friday, according to the CME FedWatch tool.