Dow Jones Industrial Average (^DJI)
- Yahoo Finance Video
Dow Jones crosses 40,000, commodities demand rises: Market Domination Overtime
On today's episode of Market Domination Overtime, Yahoo Finance hosts Julie Hyman and Josh Lipton break down the market close and the day's biggest stories. The Dow Jones (^DJI) closed higher for the fifth week straight, at a record 40,000. Meanwhile, the Nasdaq Composite (^IXIC) dipped 0.07% and the S&P 500 (^GSPC) held above its 5,300 benchmark. Hennessy Funds CIO and Portfolio Manager Ryan Kelley and RBC Capital Markets US Economist Michael Reid break down what the Dow Jones record could signal for the overall economy as interest rates remain relatively high. Commodities like Copper (HG=F) and Silver (SI=F) have reached new heights as demand increases. Bloomberg Intelligence Senior Commodities Strategist Mike McGlone gives key insights into the surge of metals and how China plays a critical role. Outgoing Boeing (BA) CEO Dave Calhoun will remain on the company’s board following a shareholder vote. Boeing will seek a new CEO to help the company recover from the two fatal 737 MAX crashes and the detached fuselage on an Alaska Airlines flight. The company is also facing potential prosecution from the Justice Department for violating an agreement reached to avoid criminal charges over the 737 MAX crashes. Finally, Julie Hyman and Josh Lipton break down what investors should watch next week, from Nvidia (NVDA) earnings to the Federal Reserve's May FOMC minutes. This post was written by Melanie Riehl
- Yahoo Finance
Stock market today: Dow closes above 40,000 for first time to cap winning week for stocks
Stocks trod water as investors assess the chances of the Dow succeeding in another bid to cross 40,000 for the first time.
- Yahoo Finance Video
GameStop tumbles, Reddit jumps: Morning Brief
It's another busy morning on Wall Street. One of the biggest movers is GameStop (GME). The video game retailer saw its shares plummet after unveiling plans to offer up to 45 million additional shares and released preliminary first quarter results that show a decline in net sales. One stock moving higher is Reddit (RDDT), which announced a partnership with OpenAI in which ChatGPT will use Reddit content. Stocks (^DJI,^GSPC, ^IXIC) opened relatively flat the day after the Dow Jones Industrial Average climbed above 40,000 for the first time. JPMorgan Asset Management global market strategist Jack Manley told Yahoo Finance's Seana Smith and Brad Smith on Morning Brief that stocks could rise 5% to 10% more from here. For more expert insight and the latest market action, click here. This post was written by Stephanie Mikulich.
