Friday’s pullback in US equities offers a chance to add exposure rather than a reason to retreat, with a clear path for the S&P 500 to reach 8,000 this year, according to John Flood , the head of Americas equities execution services at Goldman Sachs Group Inc. The decline on Friday, Flood said, was likely led by profit-taking ahead of the weekend, and anticipation of additional equity supply comin...
Friday’s pullback in US equities offers a chance to add exposure rather than a reason to retreat, with a clear path for the S&P 500 to reach 8,000 this year, according to John Flood , the head of Americas equities execution services at Goldman Sachs Group Inc. The decline on Friday, Flood said, was likely led by profit-taking ahead of the weekend, and anticipation of additional equity supply coming to the market through initial public offerings — the type of selloff that has historically rewarded buyers. “There haven’t been many dips to buy this year,” Flood said in an interview on Bloomberg Television. “Historically, buying a 2% pullback in the S&P 500 has paid off, and I think that continues to be the case.” The S&P 500 fell 2.6% on Friday, while the Nasdaq 100 sank about 5%, the most since April 2025. The losses came after a stronger-than-expected jobs report pushed Treasury yields higher and revived speculation that the Federal Reserve could keep policy restrictive for longer. Flood cited inflation, geopolitical tensions involving Iran and concerns around private credit as the issues investors most frequently raise, characterizing them as a healthy “wall of worry” rather than evidence of deteriorating confidence. The broader market backdrop remains supportive, he argued. Goldman’s proprietary sentiment indicator, which aggregates positioning across hedge funds, mutual funds, retail investors and foreign investors, remains near neutral despite the S&P 500 having already logged 24 record highs this year. “Despite the stock market being close to all-time highs at the index level, there is still concern out there,” Flood said. From an institutional-investor perspective, Flood said positioning remains disciplined rather than euphoric. Goldman’s prime brokerage data show hedge-fund gross exposure — the combination of long and short positions — at near record highs. Investors remain long many AI and technology stocks while simultaneously carrying large short positions ...
In this article MRVL FLEX POOL CPB Follow your favorite stocks CREATE FREE ACCOUNT Marvell Technology Group Ltd. headquarters in Santa Clara, California, on Sept. 6, 2024. David Paul Morris | Bloomberg | Getty Images Marvell Technology , a chipmaker that makes several different parts and products needed for the artificial intelligence infrastructure boom, is joining the S&P 500 on June 22, becomin...
In this article MRVL FLEX POOL CPB Follow your favorite stocks CREATE FREE ACCOUNT Marvell Technology Group Ltd. headquarters in Santa Clara, California, on Sept. 6, 2024. David Paul Morris | Bloomberg | Getty Images Marvell Technology , a chipmaker that makes several different parts and products needed for the artificial intelligence infrastructure boom, is joining the S&P 500 on June 22, becoming the latest semiconductor company to be added to the benchmark. Flex , a contract manufacturer for electronics, will also be added to the index on June 22, according to a press release. The two companies will replace Pool Corp and The Campbell's Company . Marvell stock rose 5% in extended trading. The chipmaker was boosted earlier this week when Nvidia CEO Jensen Huang said it could be the "next trillion-dollar company" when discussing the two chipmakers' partnership. Nvidia also invested $2 billion into the company. Flex rose 4% in extended trading. The company provides manufacturing services to leading technology companies, including Apple and Nvidia. The move highlights the growing importance of the technology sector to the stock market. Veeva Systems , AppLovin , Datadog , DoorDash , and Robinhood are other technology companies that have been added to the index in recent years . Marvell, headquartered in Santa Clara, California, was founded in 1995 to produce parts for spinning disk drives. Flex, which was previously known as Flextronics, is headquartered in Singapore but operates factories in both the U.S. and Asia. watch now VIDEO 4:01 04:01 Marvell will benefit from the AI build-out, says Clough Capital's Vince Lorusso The Exchange Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Amazon (NASDAQ:AMZN) is a stock worth owning for decades because the cash engines underneath the retail storefront, AWS, advertising, and Prime, throw off compounding profits no single recession or product cycle can break. For a retirement-focused investor who has been burned chasing trends, the case here rests on the boring math of a business whose ... History Says This Unstoppable Dow Juggernaut...
Amazon (NASDAQ:AMZN) is a stock worth owning for decades because the cash engines underneath the retail storefront, AWS, advertising, and Prime, throw off compounding profits no single recession or product cycle can break. For a retirement-focused investor who has been burned chasing trends, the case here rests on the boring math of a business whose ... History Says This Unstoppable Dow Juggernaut Is a No-Brainer Buy Right Now
The Nasdaq 100 plummeted about 5%, its deepest dive since April of last year, while a gauge of chipmakers fell twice as much Friday as Wall Street ended the weak on a decidedly sour note . What might be eating at investors (despite the frenzy over SpaceX’s IPO) is a return of that unscratchable itch known as fear of over-valuation. Worries that a tech stock bubble may soon deflate combined with su...
The Nasdaq 100 plummeted about 5%, its deepest dive since April of last year, while a gauge of chipmakers fell twice as much Friday as Wall Street ended the weak on a decidedly sour note . What might be eating at investors (despite the frenzy over SpaceX’s IPO) is a return of that unscratchable itch known as fear of over-valuation. Worries that a tech stock bubble may soon deflate combined with surprisingly big jobs numbers, and thus suspicions the Fed — even with a new chair courtesy of Donald Trump — could raise rates, triggered serious profit-taking. But there are a few lonely voices out there still holding out for rate cuts . What You Need to Know Today How does $920 million-per-month strike you? That’s pretty steep rent for most, but when you’re Google, you can afford it. That’s how much it agreed to pay SpaceX for computing power as part of a cloud-services deal that runs through mid-2029. The monster accord comes as SpaceX’s initial public offering continued to make news Friday. The latest came via Morgan Stanley, where a quiet effort to prevent retail investors from placing multiple orders for the rocket company’s shares faced pushback from some of the country’s largest brokerages. S&P’s SpaceX Snub Shows Musk Wall Street’s Power The gatekeeper’s decision represents the first meaningful institutional resistance amid an industry ecosystem that’s been quick to bend the knee. Read more Money-Market Funds Are the Hot Retail Strategy Now The stock market keeps setting records (though not today). Bitcoin has minted millionaires (but now its price is falling). Gold has peaked at new levels (sure, it’s hit a down patch). Yet one of the most popular trades is to sit in cash or, more precisely, money-market funds. Makes sense, no? Read more Goldman CEO Solomon Asks Ruemmler to Stay Despite Jeffrey Epstein Furor Her resignation, which was set for this month, came amid mounting scrutiny of her communications with the convicted sex offender. Read more Republicans in the ...
This is an AI hyper-growth chapter for Broadcom. The company supplies custom AI accelerators and networking chips to a core group of customers, including Google.
This is an AI hyper-growth chapter for Broadcom. The company supplies custom AI accelerators and networking chips to a core group of customers, including Google.
Based in the US, Unusual Machines (UMAC) manufacturers first person view (FPV) drones and parts for other drone developers. President Trump's son, Donald Jr., sits on the company's board and is a prominent shareholder. Unusual Machines CEO Allan Evans comes on Asking for a Trend to discuss China's market share in manufacturing drone components and the "bigger spotlight" the Trump family's investme...
Based in the US, Unusual Machines (UMAC) manufacturers first person view (FPV) drones and parts for other drone developers. President Trump's son, Donald Jr., sits on the company's board and is a prominent shareholder. Unusual Machines CEO Allan Evans comes on Asking for a Trend to discuss China's market share in manufacturing drone components and the "bigger spotlight" the Trump family's investments has created for the company to succeed in.
(Bloomberg) -- US national security agencies must make a priority of working with more than one artificial intelligence provider, according to a memo from President Donald Trump that follows an extended feud between the Pentagon and Anthropic PBC, which until recently was the only vendor approved for classified military use.Most Read from BloombergBecerra Advances for California Governor as Hilton...
(Bloomberg) -- US national security agencies must make a priority of working with more than one artificial intelligence provider, according to a memo from President Donald Trump that follows an extended feud between the Pentagon and Anthropic PBC, which until recently was the only vendor approved for classified military use.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX, Other Mega IPO
Given that control over energy reinforces superpower status, the contest of the century has morphed into an intense rivalry between China, a rising “electrostate”, and the United States, the world’s hydrocarbon hegemon safeguarding its position. China recognises that electricity drives its economy. Despite being a major producer of coal, crude oil and natural gas, China remains an importer of thes...
Given that control over energy reinforces superpower status, the contest of the century has morphed into an intense rivalry between China, a rising “electrostate”, and the United States, the world’s hydrocarbon hegemon safeguarding its position. China recognises that electricity drives its economy. Despite being a major producer of coal, crude oil and natural gas, China remains an importer of these hydrocarbons. However, with strategic patience, through its five-year plans, the country has been...