Friday's big stock stories: What's likely to move the market in the next trading session
Investors shunned corners of the AI trade on Thursday. The Dow gained more than 550 points, benefiting from the rotation away from some tech names.
TL;DR
- Nasdaq-100 is down 3.07% week to date but still up 18% year to date.
- South Korea's tech-heavy iShares MSCI South Korea ETF is down about 12% week to date.
- The Dow Jones Industrial Average is up 1% this week and 8.6% year to date.
- Kimberly-Clark and Nike have seen stock increases this week.
- Coca-Cola is up almost 7% in October and 31% year to date.
- Jim Cramer recommends Charles Schwab stock, noting strong net new asset growth.
- Weather patterns like El Niño are expected to impact sugar and copper prices.
- The S&P Consumer Staples sector is the hottest sector of the week.