Previous close | 39,760.08 |
Open | 39,763.70 |
Volume |
Day's range | 39,718.60 - 39,848.05 |
52-week range | 32,327.20 - 39,889.05 |
Avg. volume | 337,295,737 |
The University of Michigan's Consumer Sentiment Index beat March expectations with a reading of 79.4, surpassing predictions of 76.5. This figure marks the highest level since July 2021, indicating a resurgence in consumer confidence. Additionally, pending home sales data released Thursday morning beat February estimates with a 1.6% month-over-month increase versus the 1.5% expected. The rise in pending home sales is attributed to more individuals entering the workforce and increased inventory levels in the housing market. Yahoo Finance's Seana Smith and Madison Mills break down the details, analyzing how markets (^DJI, ^IXIC, ^GSPC, ^RUT) are digesting these numbers. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Angel Smith
Stocks are inching closer to all-time highs, as the S&P 500 (^GSPC) continues to receive a bullish outlook from strategists driven by three key factors. The index has demonstrated better-than-expected growth and Big Tech stocks have the potential to sustain their outperformance, fueling further gains. Investors' risk appetite also appears to have more room for expansion. Investors are also bracing for potential downside risks. One major concern is the persistence of sticky inflation, which could continue to weigh on the economy. Additionally, the materialization of a recession remains a looming threat and if earnings fail to show meaningful growth, it could undermine the market's optimism. Yahoo Finance's Josh Schafer breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Angel Smith
Markets (^DJI, ^IXIC, ^GSPC) snap a three-day losing streak by closing Wednesday's trading session higher. The S&P 500, in particular, climbed to another record high. Yahoo Finance's Jared Blikre reviews the day's market action and sector leaders, highlighting the performance of several Nasdaq 100 tech stocks. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. Editor's note: This article was written by Luke Carberry Mogan.