Stocks (^DJI, ^GSPC, ^IXIC, ^RUT) are under pressure at midday, with energy (XLE) leading the way down and utilities (XLU) in the green. Keith Bliss of Cuttone & Co. is here to discuss today's market moves.
Alexis Christoforous is joined by Yahoo Finance's Dan Roberts and David Nelson, chief strategist at Belpointe Asset Management, to discuss the other stories we're keeping an eye on today.
Trump becomes presumptive GOP nominee
It seemed like a long shot at first, but Donald Trump is now the presumptive GOP nominee for president. The business mogul beat the rest of the Republican field by a large margin in Indiana, causing Texas Senator Ted Cruz to back out of the race. Trump called Cruz a heck of a competitor with an amazing future and also said that the only thing standing in his way of the White House is Hillary Clinton.
What is the blockchain?
The technology behind bitcoin has officially gone mainstream. The big blockchain conference in New York City, Consensus, wraps up today, and so far it's charted new territory. Industry leaders mingled with the Street, as the big banks are set to adopt the new technology as part of the payments system revolution.
Competitive drone racing gaining in popularity
The fast-paced world of drone racing is taking off. They can go as fast as 60 miles per hour, and people can’t get enough of them. The drones carry a GoPro-style camera, which puts the spectators in the front seat. Some competitors say they’ve spent as much as $10,000 on their custom drones. A competition in Dubai gave a winner $250,000.
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