The Select Sector SPDR Trust - The Energy Select Sector SPDR Fund (0L4Q.L)
- Yahoo Finance Video
SCOTUS overturned Chevron Doctrine last month. What it means
In late June, the Supreme Court overturned the Chevron Deference, a powerful doctrine that dictated the interpretation and adherence to laws set by federal regulators. This move could enable large businesses to ignore certain regulatory guidelines as it pulls back the influence of various government agencies. Yahoo Finance legal reporter Alexis Keenan explains the history of the 40-year-old law and how this overruling could affect both civil rights and the investment landscape. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Oil, energy sector will be listening to Trump's RNC speech
Former President Donald Trump is scheduled to formally accept his Republican party nomination and speak at the Republican National Convention (RNC) tonight. The energy sector (XLE) will be hanging on Trump's words if he references plans to up oil (CL=F, BZ=F) drilling practices or pullback on a green energy push that has been a policy staple under the Biden administration. Senior markets reporter Ines Ferré breaks down Stifel data that compares how clean energy and traditional energy stocks performed under Trump's and President Biden's first terms. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Russell 2000 rises, economic moderation: Top market trends
The Dow Jones Industrial Average (^DJI) notched a record close while the S&P 500 (^GSPC) ended the day just below a record high in Monday's session. Yahoo Finance Reporter Josh Schafer joins Asking for a Trend to discuss his takeaways from the trading day. First, he points to the continued broadening of the market as a major trend. Energy (XLE), financials (XLF), and industrials (XLI) all led the market's rally while tech (XLP) came in just shy of the S&P 500 over the last five days. Next, the Russell 2000 (^RUT) hit its highest level since 2022. As more economic data points to cooling inflation, confidence grows in the potential for a September rate cut, giving small caps a boost. Finally, the economy is showing signs of overall moderation. As June's retail sales report is set to be released on Tuesday, Wall Street is expecting sales to fall about 0.2%. Schafer explains that if the print comes in line with expectations, it would serve as yet another data point showing that the economy is responding to higher interest rates. This would also give the Federal Reserve more confidence in initiating an interest rate cut. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Melanie Riehl
