Chinese Stocks Jump Most Since 2008: ETF Winners
Chinese stocks have extended their historic rally. The CSI 300 Index surged 8.5% on Monday, marking the largest single-day jump since 2008.
Chinese stocks have extended their historic rally. The CSI 300 Index surged 8.5% on Monday, marking the largest single-day jump since 2008.
U.S. stock indices closed last week on a solid note as investors reacted to a favorable inflation report.
Sector Update: Financial Stocks Advance Late Afternoon
On today's episode of Wealth!, Host Alexandra Canal breaks down key personal finance tips, from balancing your portfolio to preparing to file your taxes. Matt Powers, Powers Advisory Group managing partner, discusses how to best position your portfolio in a rate-easing cycle and an election year. In a lower interest rate environment, Powers focuses on traditional defensive sectors like utilities (XLU), consumer staples XLP (XLP), and financials XLF (XLF), noting that “we still expect some short-term volatility as we enter October, which is historically the most volatile month of the year in election years.” As mortgage rates hit a two-year low, Yahoo Finance's Dani Romero breaks down what it means for potential homebuyers as they navigate the housing market. Meanwhile, Danielle Hale, Realtor.com's chief economist, breaks down the pros and cons between buying now and waiting. "Now we're at that seasonal slowdown sweet spot for buyers. So there's less competition which can make it easier to snag a deal on a home. At the same time, you might see lower rates if you wait into the spring. But you might have to offset those lower rates with more competition and better prices. You know, in essence, I don't think buyers can go wrong either way," she tells Yahoo Finance. In August, LegalShield's Consumer Stress Legal Index ticked up to its highest level since November 2020. In presidential battleground states, stress rose even more, and historically, that elevated battleground stress during October and November has resulted in a Republican White House win. LegalShield SVP of Consumer Analytics Matt Layton explains, "Our index is really made up of three different subindices: The bankruptcy index, foreclosure index, and a consumer finance index. Each of those three individuals are also increasing over the last several months. But when we speak to our lawyers, we hear issues like job security, layoffs — folks are concerned about their jobs. They don't have enough money at the end of the month to pay their bills." If you received a tax extension in April, the due date is October 15 — just over two weeks away. Tom O’Saben, National Association of Tax Professionals director of tax content, notes that it is crucial to pay your taxes on time to avoid any penalties, which could be as much as 5% per month. In addition, failure to pay the penalty could end up being as much as 25% of the tax itself. He warns that the statute of limitations for the IRS to audit a return is unlimited for returns that aren't filed, compared to the normal three-year window. If you don't have the ability to pay your taxes in full, O’Saben explains that the IRS offers both short-term and long-term payment plans. This post was written by Melanie Riehl
What's the best way to get exposure to this booming sector?
etf.com’s Editorial team tackles the hottest topics of the week.
After a brief dip this summer, semiconductor stocks are heating up again, as mainstays in the space like Micron (MU) post blowout earnings due to strong AI-related demand. The memory chip giant reported scorching 93.3% year-over-year revenue growth, and guided to record revenue of $8.7 billion for the upcoming quarter, well above analyst expectations. Micron’s results gave a jolt to the sector and illustrate that AI demand is still strong. Investors can achieve diversified exposure to the semico
This exchange-traded fund has obliterated the return of the S&P 500 over the last 10 years, and its momentum could continue.
CHICAGO, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Amplify ETFs announces September income distributions for its Income ETFs. ETF NameTickerAmount per ShareEx-DateRecord DatePayable DateAmplify Samsung SOFR ETFSOFR$0.427339/27/20249/27/20249/30/2024Amplify CWP Enhanced Dividend Income ETFDIVO$0.163439/27/20249/27/20249/30/2024Amplify Cash Flow High Income ETFHCOW$0.160009/27/20249/27/20249/30/2024Amplify CWP International Enhanced Dividend Income ETFIDVO$0.155209/27/20249/27/20249/30/2024Amplify CWP Gr
A new report from Bain & Company forecasts substantial growth in the AI product market in the coming years. The firm projects that the market for AI-related hardware and software could expand by 40-50% annually, reaching approximately $990 billion by 2027. Bain & Company global technology and cloud services practice chairman David Crawford joins Market Domination to dig into the bullish projection and discuss the outlook for AI as it seeps into all corners of the market. Crawford sees three "broad pockets of growth" for AI. First, large hyperscalers building out their capabilities are generating "enormous" demand. This demand, he says, "works its way back through the supply chain and creates shortages in a spectrum of spaces." The second pocket for growth lies in enterprise adoption. Crawford explains, "We know the trends are smaller models, more specialized models, open source, etc., but likewise requires computational capability. In some cases, they're using special-purpose compute and so forth." Finally, the third area for growth will likely be seen in independent software vendors that build AI capabilities for their products and run them in their own data centers. As generative AI becomes more widely adopted, Crawford believes there will be increased interest in sovereign ownership, control, and domiciled data centers. He tells Yahoo Finance, "It's broadly perceived that AI will be quite different and that it'll control culture, access to health and welfare, things like that. And so we think that the sort of state interests will play a much bigger role in the ultimate location of where all this occurs." Watch the video above to also find out how companies are spending on AI. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl