Dow Jones Industrial Average (^DJI)
| Previous close | 38,386.09 |
| Open | 38,337.40 |
| Volume |
| Day's range | 38,043.16 - 38,337.40 |
| 52-week range | 32,327.20 - 39,889.05 |
| Avg. volume | 343,672,580 |
- Yahoo Finance Video
Fed moves, commodity surge, jobs outlook: Stocks In Translation
Uncertainty, the constant companion of markets, has once again forced investors to readjust their expectations as the FOMC meeting begins. With the highly anticipated interest rate decision set to be unveiled on Wednesday, the burning question on everyone's mind is: how confident can investors truly be that a rate cut will materialize, especially as whispers of rate hikes and stagflation concerns echo through the halls of Wall Street? And let's not forget the prospect of a commodity supercycle, with prices soaring across the board for assets like gold (GC=F), silver (SI=F), and even coffee (KC=F). Yahoo Finance Markets Reporter Jared Blikre is joined by J.P. Morgan Asset Management Global Market Strategist Jordan Jackson and Yahoo Finance Producer Sydnee Fried for the latest edition of Stocks In Translation. Together, they delve into the odds of a Federal Reserve rate cut, address the potential of a commodity supercycle, break down the significance of the week's jobs numbers, and more. 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
- Yahoo Finance Video
Powell's not doing 'any favors' by hinting at cuts: Strategist
The FOMC kicked off its highly anticipated two-day meeting on Tuesday, with markets eagerly awaiting the interest rate decision. Federal Reserve Chair Jerome Powell is set to announce the committee's verdict on Wednesday, with investors hoping for a rate cut to alleviate inflationary pressures. In the lead-up to the FOMC meeting, John Hancock Investment Management's Co-Chief Investment Strategist Matt Miskin joins the Morning Brief to share his insight into the Fed rate cut outlook. Miskin acknowledges that inflationary pressures have "spooked the markets," predicting that the Fed will adopt a "more hawkish" stance. He advises investors to reduce their risk exposure, citing the Fed's role in allowing "this inflation problem to reemerge." As the Fed continues to hint at the possibility of rate cuts materializing in 2024, Miskin suggests that when Fed Chair Powell delivers the decision on Wednesday, he "should say there will be a big shift to that." In the current economic environment, Miskin recommends high-quality bonds as an opportunity for investors, stating that he is "struggling to see value" in equities. "Powell's not doing himself any favors, and the Fed more broadly, by talking about cuts. Because when they talked about cuts...that actually stimulated the economy," Miskin tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Yahoo Finance Video
Fed decision, Amazon earnings, McDonald's prices: 3 Things
US equity markets (^DJI, ^IXIC, ^GSPC) face pressures ahead of the Federal Reserve's interest rate decision on Wednesday. Wall Street experts are expecting Fed officials to hold rates where they are coming out of their May FOMC meeting this week. Amazon (AMZN) will report its first-quarter earnings after Tuesday's market close, with many analysts eyeing the Magnificent Seven member's AI and cloud business segments. Lastly, McDonald's (MCD) shares fall in today's pre-market trading as higher menu prices drag down the fast-food chain's sales and revenue growth estimates. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
