Dow Jones U.S. Travel & Leisure (^DWCTVL)
Big Tech market concentration, shipping prices soar: Asking For A Trend
Market concentration continues to narrow in on Big Tech. With no large catalysts, the market can maintain this pattern for some time, data suggests. Yahoo Finance reporter Jared Blikre stopped by to let investors know which stocks and sectors to watch out for. The Drewry World Container Index, which tracks the price of shipping containers, shows that the cost of a 40-foot shipping container is up more than 250% compared to a year ago. Since October, escalating violence in the Red Sea has kept rates elevated as ships favor longer, less risky routes. FreightWaves founder and CEO Craig Fuller joined the show to give insight into increased shipping rates and what this means for global trade moving forward. Citi Global Markets is out with new data measuring the impact of election years on different sectors. Yahoo Finance reporter Alexandra Canal joined the show to break down the top-performing sectors as voters head to polls, particularly when an incumbent is on the ballot. For more expert insight and the latest market action, click here.