Reported 7 months ago
Yahoo Finance's Julie Hyman and Josh Lipton analyze the market close with the Dow Jones Industrial Average closing lower but the S&P 500 and Nasdaq Composite hitting new record highs, particularly due to the tech sector's growth. Mark Lehmann of Citizens JMP Securities is optimistic about tech's horizontal growth, leading to rising multiples and profitability, especially with the increasing influence of AI. Sila Realty Trust Inc. CEO Michael Seton discusses the company's low leverage advantage and less competition in the real estate market. Adobe's strong second-quarter earnings beat expectations, guiding higher for the full year, while Tyson Foods suspends CFO John Tyson after a DWI arrest. Lastly, insights on the ongoing tax cuts battle, Trump's potential impact on EV regulations, and what to watch on Friday, including Federal Reserve commentary, consumer sentiment reading, and the conclusion of Apple's Worldwide Developers Conference.
Source: YAHOO