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S&P 500 (^GSPC)
| Previous close | 5,116.17 |
| Open | 5,103.78 |
| Volume |
| Day's range | 5,035.31 - 5,110.83 |
| 52-week range | 4,048.28 - 5,264.85 |
| Avg. volume | 4,043,988,064 |
- Yahoo Finance Video
Stocks slide to wrap up April: Top Trading Takeaways
US equities (^GSPC, ^DJI, ^IXIC) are sliding as the market wraps up the worst month of the year so far. The market is pricing in new labor data which came in hotter-than-expected while many on Wall Street await the Federal Reserve's next interest rate policy decision coming out of its two-day meeting this week. Yahoo Finance Reporter Alexandra Canal joins Market Domination Overtime to break down the top takeaways from the trading day on April 30. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
- Yahoo Finance Video
April trading is over. Is it time to 'sell in May and go away'?
The Federal Reserve has entered a two-day meeting that will end with an announcement about its decision regarding interest rates. In the meantime, debate on Wall Street has been raging over how, when, and if the Fed will raise rates. Villere & Co Portfolio Manager Sandy Villere joins Market Domination to give insight into the potential movements from the Fed and what investors should keep in mind as we head into a historically weaker period in the year for the market. Villere offers this advice: "The old adage sell in May and go away is kind of accurate. If you look at the seasonally week period from May through October, it's underperformed the seasonally stronger period, November to April, by about 6% or so. When I'm looking at investing in stocks, though, or selling, I rarely look at any calendar month: we're long-term buy and hold. So I'm not going to go with the old adage, but there is some truth behind it. " For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Dovish messaging unlikely at Fed meeting: Economist
All eyes are on the Federal Open Market Committee (FOMC) meeting as it begins on Tuesday, with markets questioning the potential implications for the future of interest rates. Deutsche Bank Senior US Economist Brett Ryan joins Catalysts to share his expectations regarding the Fed's decision. Ryan acknowledges that in light of recent inflation data, "it's difficult" to envision the Fed adopting a dovish tone during tomorrow's decision announcement. Instead, he anticipates the central bank will denounce fears of an impending rate hike but hold interest rates steady amid the elevated inflationary environment "until they see more progress" toward their target. Turning to consumer spending, Ryan says that since the pandemic, "consumer spending has been divorced from consumer confidence." However, Ryan notes that "the important thing to follow" is the labor market, and "what's supporting spending is labor income growth." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
