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CNBC
11 minutes ago
- CNBC
5 things to know before the Tuesday open: Palantir earnings Trump applauds American Eagle
Investors who might have had anxiety checking their holdings over the weekend got a nice reprieve on Monday. Stocks rallied to start the new week, with the S&P 500 snapping its four-day losing streak and the Dow Jones Industrial Average erasing its Friday sell-off. All three major indexes ended Monday's session more than 1% higher. Stock futures are slightly higher on Tuesday morning. Follow live market updates here. Tariff news continues to make headlines as market participants count down to Thursday — the most recent deadline set by the White House for it to start collecting tariffs from some trading partners. President Donald Trump said Monday that he would "substantially" hike tariffs on goods coming from India because the country buys Russian oil. The European Union also announced Monday that it would delay enacting planned tariffs on the U.S. for six months. Trump will join CNBC's "Squawk Box" for an interview at 8 a.m. ET Tuesday morning. Stream CNBC live here. Palantir, the buzzy and mysterious defense technology stock, recorded quarterly revenue of $1 billion for the first time. It's an important milestone for the company, which has seen its shares skyrocket and become a favorite of retailer investors given its futuristic focus and eccentric CEO, Alex Karp. As CNBC's Samantha Subin notes, the Denver-based company has become a beneficiary of Trump's governmental cost-cutting initiatives, with its U.S. government revenues jumping 53% year-over-year. Palantir shares popped in extended trading following its earnings report. This week, OpenAI's ChatGPT products are poised to reach 700 million weekly active users. There's a few ways to show just how much that number has ballooned with artificial intelligence's move into the mainstream. First, it's up about 40% from March alone. Even more eye-popping, the number has grown more than fourfold from a year ago. ChatGPT's number of paid business users is also accelerating, up to five million from three million in June. After getting caught in controversy over its new advertising campaign starring actress Sydney Sweeney, American Eagle got a vote of confidence from the White House on Monday. Trump called the campaign the "'HOTTEST' ad out there" in a social media post. He also said that Sweeney, who's known for roles in "Euphoria" and "The White Lotus," is a registered Republican. American Eagle's shares surged more than 23% following the president's post, marking the Pittsburgh-based company's best day in about a quarter of a century. —
Bloomberg
11 minutes ago
- Bloomberg
Rate Cut Hopes and Buoyant Earnings Are Good News for Stocks
Good morning. It looks like a good day for investors, bankers and maybe even astronauts. Stocks are moving higher again. Wall Street looks set for another year of bumper bonuses. And why NASA wants to go nuclear. Listen to the day's top stories. Stocks continue to power higher, with equity futures advancing on rate cut hopes and robust company earnings. Still, Jefferies thinks it might be wise to rotate out of high-flying tech stocks and into smaller-cap shares. And for the select few, it's time to start chilling the Champagne—investment bankers, hedge-fund employees and asset-management staffers are set to see higher bonuses this year.
Yahoo
18 minutes ago
- Yahoo
Gold price today, Tuesday, August 5, 2025: Gold opens near record high
Gold (GC=F) futures opened at $3,428.90 per ounce Tuesday, up 1.6% from Monday's close of $3,374.40. Gold's historic peak price is $3,444, reached on June 13, 2025. Gold's strength this week followed reports of revised labor market data and President Trump's subsequent firing of Bureau of Labor Statistics director Erika McEntarfer. However, weaker jobs growth increases the likelihood of an interest rate reduction at the Fed's next meeting in September. According to CME FedWatch, there is currently an 88.2% chance the Fed will lower the fed funds rate by 25 basis points. That percentage was just 63.3% one week ago. Lower interest rates benefit stocks by reducing the cost of borrowing. Demand for gold often declines when investors are bullish on stocks. Current price of gold The opening price of gold futures on Tuesday is up 1.6% from Monday's close of $3,374.40 per ounce. Tuesday's opening price marks a gain of 3.2% over the opening price of $ 3,323.40 one week ago on July 29. In the past month, the gold futures price has gained 2% compared to the opening price of $3,362 on July 3, 2025. In the past year, gold is up 40.4% from the opening price of $2,442 on August 5, 2024. Don't forget you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week. Want to learn more about the current top-performing companies in the gold industry? Explore a list of the top-performing companies in the gold industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria. How to invest in gold Investing in gold is a four-step process: Set your goal. Set an allocation. Choose a form. Consider your investment timeline. Today, we're delving deeper into step 2, setting the appropriate gold allocation. After determining your investment goals for buying gold in the first place, next comes understanding how much to buy. Learn more: How to invest in gold in four steps Allocation is the composition of your portfolio across different types of assets, such as stocks, bonds, and gold. Setting a target allocation for each asset type helps you control risk over the long term because asset values change over time. Stocks appreciate, for example. Unless you periodically rebalance your holdings to restore the target allocation, the appreciation can leave you over-concentrated in equities. Scott Travers, author of 'The Coin Collector's Survival Manual' and editor of COINage magazine recommends holding 5% to 15% of your net worth in gold. Other experts advise going as high as 20% if you are risk-tolerant. A review of gold's historic behavior in light of your risk appetite should help you identify the right allocation percentage. Yahoo Finance video: Safe-haven assets: Breaking down what you need to know Count your jewelry Remember, too, that your target allocation includes the value of the gold you already own. Travers recommends checking your jewelry box before buying more gold. Given gold's sharp rise in value over the past 12 months and more, your gold jewelry may be worth more than you think. Travers warns against selling your jewelry to buy gold coins because you will pay dealer fees on both transactions. Up Next Up Next Price-of-gold chart Whether you're tracking the price of gold since last month or last year, the price-of-gold chart below shows the precious metal's steady upward climb in value. Historic price of gold Historically, gold has shown extended up cycles and down cycles. The precious metal was in a growth phase from 2009 to 2011. It then trended down, failing to set a new high for nine years. In those lackluster years for gold, your position will negatively impact your overall investment returns. If that feels problematic, a lower allocation percentage is more appropriate. On the other hand, you may be willing to accept gold's underperforming years so you can benefit more in the good years. In this case, you can target a higher percentage. The precious metal has been in the news lately, and many analysts are bullish on gold. In May, Goldman Sachs Research predicted gold would reach $3,700 a troy ounce by year-end 2025. That would equate to a 40% increase for the year, based on gold's January 2 opening price of $2,633. Rising demand from central banks, along with uncertainty related to changing U.S. tariff policy, are the factors driving the increase. If you are interested in learning more about gold's historical value, Yahoo Finance has been tracking the historical price of gold since 2000.
