RiskReversal Recap: April 25, 2024

Meta Plunges on Earnings; Yields Spike After GDP Report

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RiskReversal Media
April 25, 2024

Today’s MRKT Call is Presented by FactSet

Meta Plunge Spooks Wall Street

Guy Adami and Liz Young break down the top market headlines and bring you stock market trade ideas for Thursday, April 25th

Click here to access all of the charts mentioned in today’s MRKT Call.

META chart

Topic Timecodes:
Intro (0:00); Meta (5:45); Microsoft & Caterpillar (10:45); Google + Netflix (17:30); S&P 500 + Russell 2000 (21:10); Yields (26:15); Gold + Geopolitical Risk (28:30); Earnings Insight (35:10).

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WHAT WE’RE READING

  • 10-year Treasury yield leaps to highest level in more than 5 months after GDP report (CNBC)

  • US Yields Hit 2024 Highs as GDP Dashes Fed Hopes (Bloomberg)

  • The Dream of Fed Rate Cuts Is Slipping Away (WSJ)

  • Retail Traders Are Turning Pessimistic on Stocks for First Time Since November (Bloomberg)

  • Meta tumbles 11% on weak revenue forecast and Zuckerberg’s comments on spending (CNBC)

  • Bill Gross Says Stick to Value Stocks, Avoid Tech as US Yields Soar (Bloomberg)

  • JPMorgan CEO Jamie Dimon Gives a Soft Landing Long Odds (WSJ)

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