Futures, hedge funds pull back in Big Tech, Tesla
from Morning Brief Hosted by Yahoo Finance
Today on Morning Brief, Co-hosts Seana Smith and Brad Smith discussed market movers with expert guests and the trending tickers of the day, including Amazon (AMZN) and Apple (AAPL). All three of the major indexes (^DJI,^GSPC, ^IXIC) opened lower Friday morning as post-Trump victory gains begin to fade. Data Editor Jared Blikre breaks down the action at the open. US stock futures are down as traders adjust rate cut expectations following Fed Chair Jerome Powell's recent comments and stronger-than-expected retail sales data. Hedge funds are pulling back their positions in Big Tech, with Amazon (AMZN) and Apple (APPL) seeing stake cuts in the third quarter. Tesla (TSLA) and Rivian (RIVN) are in focus following reports that President-elect Trump plans to eliminate the electric vehicle tax credit. Yahoo Finance's flagship show, Morning Brief, is the ultimate guide to making smarter portfolio decisions. Find this and other episodes of Morning Brief here. Thoughts? Questions? Fan mail? Email us at [email protected]. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith.
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