Karen Friar
Karen Friar is a financial journalist who covers the stock market for Yahoo Finance. She reports on daily market movements and trends, as well as specific company news and earnings releases. Her articles often include analysis of economic data and Fed policy announcements. Friar has been with Yahoo Finance since 2023, joining the team after several years reporting for other financial news outlets. She holds a Bachelor's degree in Economics from the University of California, Berkeley.
99%
The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
Bias
100%
Examples:
No current examples available.
Conflicts of Interest
100%
Examples:
No current examples available.
Contradictions
85%
Examples:
- About 65% of traders now expect the Federal Reserve to reduce the benchmark rate at their September meeting, but hiring slowed down with job openings and labor turnover data showing 8.059 million vacancies in April, the lowest level in more than three years.
- The S&P 500 finished up around 1.5% and the Nasdaq gained more than 3%, yet the Dow Jones Industrial Average surpassed the 40,000 mark this week.
Deceptions
100%
Examples:
No current examples available.
Recent Articles
Record-Breaking Start to Q3 2024: Tech Stocks Surge, S&P 500 and Nasdaq Reach New Highs - Upcoming Events: Powell Speech and JOLTS Report
Broke On: Monday, 01 July 2024Stocks rose in the second half of 2024, with tech stocks leading the way and major indices reaching new record highs. The Nasdaq Composite hit a new record close at around 17,908. Investors awaited speeches from Federal Reserve Chair Jerome Powell and the release of the JOLTS report for insights into interest rates, inflation, and the labor market. 
S&P 500 Surges 14% in First Half of 2024: Nvidia, Microsoft, and Eli Lilly Lead AI-Driven Stock Market Rally
Broke On: Saturday, 29 June 2024The S&P 500 Index surged 14% in the first half of 2024, driven by AI innovation and improved corporate earnings. Nvidia's shares soared over 150% as a symbol of AI success. Despite recession fears, record-breaking stock market performance continued, with Biden's debate performance drawing investor attention. Microsoft and Eli Lilly also saw revenue growth due to AI demand and successful drug sales. Amazon Surpasses $2 Trillion Market Cap, FedEx Reports Better-than-Expected Results, and Rivian Secures $5 Billion Investment from Volkswagen: A Look at June 26, 2024's Business Headlines
Broke On: Wednesday, 26 June 2024On June 26, 2024, Amazon surpassed a $2 trillion market capitalization for the first time, joining an elite group of U.S. companies. FedEx reported better-than-expected quarterly results due to cost cuts. Rivian Automotive secured a $5 billion investment from Volkswagen to boost growth in the electric vehicle industry, while Nvidia experienced a slight dip after recovering from correction territory. Nasdaq Poised for Rebound: Nvidia Advances, Buffett Signals Buy on Tuesday
Broke On: Tuesday, 25 June 2024Tech stocks, led by Nvidia Corporation, attempted to rebound on Tuesday as the Nasdaq Composite Index was set for a higher open. Meanwhile, Warren Buffett's Berkshire Hathaway and other companies signaled a buy opportunity. The tech-heavy index had slumped the previous day due to concerns over equity sustainability and tax cuts expiration, while home prices hit a new record high with annual growth slowing. :max_bytes(150000):strip_icc()/GettyImages-1843369720-46610d894c344b29a7209cc198a43e60.jpg)
Mixed Stock Market Performance in June: S&P 500 Dips, Nasdaq Hits Record, Cruise Operators Decline, and Adobe Soars
Broke On: Saturday, 15 June 2024The S&P 500 and Dow Jones Industrial Average slipped on June 15, 2024, while the Nasdaq Composite set a new record close. Cruise operators like Norwegian Cruise Line Holdings, Carnival Corp., and Royal Caribbean Cruises faced declines due to pricing concerns from Bank of America. Adobe shares surged after reporting better-than-expected earnings and raising guidance for its AI products. The University of Michigan's consumer sentiment index dropped to a seven-month low despite signs of abating inflation. Apple's Stock Surges to Record High on Excitement for New AI Platform, Apple Intelligence: Key Features and Market Reaction
Broke On: Tuesday, 11 June 2024Apple's stock surged 6% to a record high on Tuesday following the announcement of its new AI platform, Apple Intelligence, at the WWDC conference. Expected to be available for select devices later this fall, key features include updated Siri capabilities. D.A. Davidson upgraded Apple and raised their price target after the event, anticipating integration into everyday life. 
Surprising May Jobs Report: 272,000 New Jobs Added Amidst Unemployment Rate Increase and Strong Wage Growth
Broke On: Friday, 07 June 2024The US labor market added 272,000 jobs in May despite expectations for a slowdown, with sectors such as health care, government, leisure and hospitality, and professional scientific and technical services contributing to the growth. The unemployment rate unexpectedly rose to 4%, while wage growth remained strong. This conflicting data has economists assessing the health of the labor market and its impact on inflation. 
US Labor Market Slows Down: Fed Considering Rate Cuts Amid Lower-than-Expected Hiring
Broke On: Wednesday, 05 June 2024New data shows the US labor market is slowing down, with private payrolls increasing by 152,000 last month instead of the expected 175,000. This hiring slowdown has eased pressure on the Federal Reserve to maintain high interest rates and led to expectations of a first rate cut in November. Treasury yields have also edged lower as a result. 
Dow Jones Surpasses 40,000: Sustainable Profits and Supportive Policies Fuel Market Rally
Broke On: Friday, 17 May 2024The Dow Jones Industrial Average surpassed 40,000 for the first time on May 17, 2024, driven by sustainable profits in the technology sector and supportive monetary and fiscal policies. Despite concerns about economic headwinds, these factors contribute to the market's upward trend. :max_bytes(150000):strip_icc()/MarketBlogImage-final-6ac06c7b9250446a8e86c566b11e02e1.png)
Dow Extends Winning Streak to Seven Sessions: Real Estate and Utilities Lead, Tech Lags
Broke On: Friday, 10 May 2024On May 9, 2024, major U.S. stock indexes including the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite finished higher amid signs of easing inflationary pressures and potential interest rate cuts from the Federal Reserve. Equinix reported strong results driven by demand for artificial intelligence products, while Airbnb's weaker-than-expected outlook led to a 6.9% share slide. The yield on the two-year Treasury fell to 4.805%, and initial jobless claims rose to 231,000.
