Previous close | 35.35 |
Open | 31.60 |
Bid | 38.35 |
Ask | 38.90 |
Strike | 128.00 |
Expiry date | 2026-12-18 |
Day's range | 38.40 - 39.15 |
Contract range | N/A |
Volume | |
Open interest | 1.32k |
US stocks were mixed heading into Thursday's session, with the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) up, extending Wednesday’s gains, while the Dow Jones Industrial Average (^DJI) hovered below its flat line. Top Wall Street experts join Morning Brief hosts Seana Smith and Brad Smith to discuss the latest economic data, demand for Nvidia’s (NVDA) chips, a potential Boeing (BA) union strike, and top trending stocks. The Producer Price Index (PPI) showed prices increase by 0.2% month-over-month and 1.7% year-over-year in August. Initial jobless claims also came out above estimates for the prior week at 230,000, compared to the 227,000 expected. The new data comes after Wednesday’s in-line Consumer Price Index (CPI) print and ahead of the Federal Reserve's September FOMC meeting next week. Oxford Economics chief economist Ryan Sweet tells the Morning Brief team that the data is a "slam dunk" for a 25-basis-point interest rate cut from the Fed next week. KeyBanc Capital Markets equity research analyst John Vinh joins the Morning Brief to discuss competition among chipmakers during the ongoing artificial intelligence (AI) race after Nvidia CEO Jensen Huang’s comments about demand outpacing supply sent the chipmaker’s stock higher. Investors are watching Boeing (BA) as factory workers vote on the tentative labor agreement today, with a potential strike of 33,000 union members still looming. The Morning Brief team examines the morning's stock moves of the top trending tickers, including Kroger’s (KR) earnings-fueled gains and Moderna’s (MRNA) tumble. Other top trending stocks on the Yahoo Finance platform include Norfolk Southern (NSC) and 7-Eleven parent company Seven & I Holding (SVNDY). This post was written by Naomi Buchanan
US stocks (^DJI, ^IXIC, ^GSPC) are starting the day mixed as the Dow Jones Industrial Average hovers below its flatline at the market open. The Nasdaq Composite has seen total gains of 4.29% over the last four trading sessions. Morning Brief co-host Brad Smith checks out how markets are reacting to August's Consumer Price Index (CPI) and Producer Price Index (PPI) prints out this week, while taking a look at Nvidia (NVDA) within the Nasdaq 100 (^NDX). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
After August's Consumer Price Index (CPI) largely came in line with economist expectations, producer prices came in a touch hotter than expected. The Producer Price Index (PPI) saw prices increase 0.2% month-over-month and 1.7% year-over-year. Initial jobless claims also came out above estimates for the prior week: 230,000 versus the 227,000 expected. Nvidia (NVDA) CEO Jensen Huang's comments on the company's chip demand seemingly gave the tech sector (XLK) a burst of energy in Wednesday's session. Boeing's (BA) contract with factory workers is set to expire today. The aircraft manufacturer reached a tentative agreement with union leadership earlier this week with the 33,000 union members to vote on the deal on Thursday. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.