Utilities and AI, Biden's no-recession term: Market Domination

In this article:

It's full steam ahead for stocks (^DJI, ^IXIC, ^GSPC) seeking to close out the day after taking in Thursday morning's Consumer Price Index (CPI) report for the month of June. Julie Hyman and Josh Lipton have compiled the perfect itinerary of top industry movers and market themes for active investors in today's episode of Market Domination.

The show starts off with Hennion & Walsh CIO Kevin Mahn outlining the next big sector that could play a pivot role in the AI trade: utilities (XLU)

State Street Global Advisors chief economist Simona Mocuta explains where risks may still lie for US consumers in the current economic environment as Federal Reserve officials prepare to possible cut interest rates.

Yahoo Finance senior columnist Rick Newman later comes onto the program to discuss how close President Biden is to completing his four-year term without a recession, and while the Fed nears its 2% inflation target to boot.

Other top trending tickers on the Yahoo Finance platform include Delta Air Lines (DAL) since reporting second quarter earnings this morning; QuantumScape (QS) and Volkswagen (VOW.DE, VWAGY) after forming a partnership on lithium EV batteries; and Tesla (TSLA).

This post was written by Luke Carberry Mogan.

Advertisement