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NASDAQ Composite (^IXIC)
| Previous close | 15,983.08 |
| Open | 16,007.00 |
| Volume |
| Day's range | 15,655.67 - 15,979.36 |
| 52-week range | 11,925.37 - 16,538.86 |
| Avg. volume | 5,182,786,290 |
- Yahoo Finance Video
Fed rate decision, Qualcomm earnings: What to Watch
Market Domination Overtime anchors Julie Hyman and Josh Lipton preview the top headlines for investors for tomorrow, Wednesday, May 1, 2024. Federal Reserve officials will issue their latest interest rate policy decision coming out of their FOMC meeting tomorrow afternoon, followed by a press conference by Fed Chair Jerome Powell. On the earnings front, a slew of companies are set to release quarterly reports, including names like DoorDash (DASH), Mastercard (MA), and Qualcomm (QCOM). 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 Angel Smith
Yahoo FinanceStock market today: Nasdaq sinks 2% as stocks plummet to end worst month of 2024
Investors marked time ahead of the Fed's rate decision, with earnings from Amazon on deck to test prospects for a Big Tech-fueled bump.
- 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
