Im katy grindfield in new york, welcome to bloomberg markets. Markets blowing past what we learned about ppi in april. Take a look at big tech. Im going to go ahead and call that unchanged wobbling around we havent seen that big leadership from big tech that weve gotten used to over the past few weeks. Its been a different story. And meanwhile, small caps at the russell 2000 right now, really lead the way. Currently up by more than 1 . 1. 2 at the moment. Well see how long that lasts. But for this moment, small caps are your big winners. Home depot though. Posting weak result this morning for the sixth straight quarter as the housing slump hits the Home Improvement retailer and shoppers hit pause on renovations. Bloombergs john e. D. s joins us with all the details. What went wrong in the biggest way for home depot . Well, its really the macro factors. Its the comparisons really with the strength they had during the pandemic when everybody was, you know, buying bigticket items to impro
Guidance plus media moves warner bros. Discovery missing airbnb shares are also falling ahead of the opening the company sees robust demand for travel, but its guidance disappoints investors. The ceo will join us in a few minutes. Lets begin with a few momentum names today, including one of the beneficiaries of the a. I. Boom, and thats arm holdings, down sharply as guidance comes in below consensus. But shares of the chip designer still up 90 from the september ipo price of 51 a share revenue up 47 licensing up 60. Yeah, look, i think that rene haas will be able to tell a good story, that there was really one question on the Conference Call by a goldman analyst whos very, very good, which knocked the stock down, which explained the dow is a 70 sequential problem when it comes to the some of the royalty arrangements they were basically saying, david, that it was internet of things and automotive. That is not unusual. That is what everyone has been saying, like on semi has been saying t
Record highs on an intraday basis. They have not been able to maintain those levels. These are all very small moves. I wanted to dig into the dow a little bit. The only of the three major averages that have failed to maintain the record that was set on march 1. Apple is the big winner in that index. Shares up 3 after brian white over at Drexel Hamilton put a price target on apple, sending shares up. Ibm lower on Warren Buffett cutting his stake through berkshire hathaway. Bernsteins saying the shares should not be bought on weakness. Downly, Goldman Sachs 0. 66 . To talk about apple again for a moment and as it relates to the s p 500 more so, right now, thus far, we have seen apple rally in along with the s p 500 rallying along with the s p 500. This has been supportive for the s p. On the bottom, we have the correlation. We are really seeing a lot of the time, a majority of the time, the two moving in tandem. If apple does continue to rally, that would not be bad news for u. S. Stocks
Record highs on an intraday basis. They have not been able to maintain those levels. These are all very small moves. I wanted to dig into the dow a little bit. The only of the three major averages that have failed to maintain the record that was set on march 1. Apple is the big winner in that index. Shares up 3 after brian white over at Drexel Hamilton put a price target on apple, sending shares up. Ibm lower on Warren Buffett cutting his stake through berkshire hathaway. Bernsteins saying the shares should not be bought on weakness. Downly, Goldman Sachs 0. 66 . To talk about apple again for a moment and as it relates to the s p 500 more so, right now, thus far, we have seen apple rally in along with the s p 500 rallying along with the s p 500. This has been supportive for the s p. On the bottom, we have the correlation. We are really seeing a lot of the time, a majority of the time, the two moving in tandem. If apple does continue to rally, that would not be bad news for u. S. Stocks
Record highs on an intraday basis. They have not been able to maintain those levels. These are all very small moves. I wanted to dig into the dow a little bit. The only of the three major averages that have failed to maintain the record that was set on march 1. Apple is the big winner in that index. Shares up 3 after brian white over at Drexel Hamilton put a price target on apple, sending shares up. Ibm lower on Warren Buffett cutting his stake through berkshire hathaway. Bernsteins saying the shares should not be bought on weakness. Downly, Goldman Sachs 0. 66 . To talk about apple again for a moment and as it relates to the s p 500 more so, right now, thus far, we have seen apple rally in along with the s p 500 rallying along with the s p 500. This has been supportive for the s p. On the bottom, we have the correlation. We are really seeing a lot of the time, a majority of the time, the two moving in tandem. If apple does continue to rally, that would not be bad news for u. S. Stocks