Yahoo Finance’s Jared Blikre joins Asking for a Trend to break down his key takeaways from the trading day.
Blikre explains that stock market leadership is in flux. While the tech sector and megacaps have been in the lead, energy has risen as crude oil sits above $80 per barrel. Financials and staples are also rising, shaking up the market leaderboard.
Blikre also notes that July is historically a positive month for the Nasdaq (^IXIC). The first 10 days of the month usually see the best performance from the index, and this July could be no different.
Finally, bitcoin (BTC-USD) is facing its Mt. Gox cliff. The former cryptocurrency exchange is set to distribute 140,000 as part of its bankruptcy agreement.
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
Video Transcript
The S and P 500 NASDAQ bo staffing three day slide today as NVIDIA…
