economy
Thursday's Big Stock Stories: What's Likely to Move the Market in the Next Trading Session
The S&P 500 snapped a nine-day winning streak on Wednesday as rising Treasury yields and oil prices kept stocks under pressure.
TL;DR
- The S&P 500's nine-week winning streak is at risk; a win this week would be its longest since 1985.
- Apple's stock is also on pace for its longest weekly winning streak since 2004.
- Broadcom missed revenue expectations in its quarterly report, though one analyst remains bullish.
- Nvidia has significantly underperformed the semiconductor ETF (SOXX) over the past 60 trading days, with the largest gap on record.
- Private equity stocks like KKR, Blackstone, and Carlyle Group have fallen more than 25% this year.
- Nuclear stocks experienced a pullback after a previous rally.
- Netflix shares have extended their losing streak to eight sessions, its longest since 2022, and have fallen in nine of the last 10 months.
- Lululemon stock is down nearly 40% year-to-date and is coming off its third straight losing month.