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PHLX Semiconductor (^SOX)
| Previous close | 4,720.53 |
| Open | 4,804.24 |
| Volume |
| Day's range | 4,561.56 - 4,733.41 |
| 52-week range | 2,867.51 - 5,217.83 |
| Avg. volume | 0 |
- Yahoo Finance Video
April is usually worst month for chip stocks. Will this continue?
Markets' Volatility Index (^VIX) is surging ahead by over 10% Tuesday morning, the second trading session in April. The month has historically been a period of "unwinding" momentum for stocks, according to BTIG Managing Director and Chief Market Technician Jonathan Krinsky. Krinsky joins Yahoo Finance Live to discuss whether the month — which is also the beginning of 2024's second quarter — could put a pause on year-to-date gains across markets and industries like the semiconductor landscape: "It's actually the worst month of the year on average for long-short momentum strategies. We're seeing areas like semis, which have had an amazing run starting to pull back. And then you're seeing areas like utilities which have lagged over the last few months start to actually perform well. There's different parts of the market doing different things. But, ultimately when you get that kind of momentum, that correlation break, that's when you see the rising Vix like we're seeing today." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
- Yahoo Finance Video
S&P 500 notches new record high, stocks close in green
The S&P 500 (^GSPC) closes Thursday at yet another record high in 2024. The Nasdaq (^IXIC) falls just short of a new high. All in all, the three stock market indices — including the Dow Jones Industrial Average (^DJI) — end the day in the green. Yahoo Finance's Jared Blikre gives his analysis on the record high runs seen across sectors and specific indexes. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Yahoo FinanceTech shows it's key to bringing market out of tough start to 2024
Thursday's market action reminds investors that technology earnings will be key to bringing the market out of its January slump.
