Dow Jones Industrial Average (^DJI)
| Previous close | 37,775.38 |
| Open | 37,802.00 |
| Volume |
| Day's range | 37,781.61 - 38,102.57 |
| 52-week range | 32,327.20 - 39,889.05 |
| Avg. volume | 341,246,935 |
- Yahoo Finance Video
S&P 500 losing streak, Big Tech, earnings: Top Takeaways
April has been a funky month for the major market indices (^DJI, ^IXIC, ^GSPC). Entering into 2024's second quarter, the S&P 500 has had a hard time acclimating as it extends its losing streak to its sixth consecutive day of losses. The S&P 500 closed below 5,000 at Friday's close. Yahoo Finance Markets Reporter Josh Schafer highlights what investors should gleam from the market as Big Tech stocks appear weighed down heading into their earnings season. 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 Luke Carberry Mogan.
- Yahoo Finance Video
Labor market may need to weaken for Fed to cut: Economist
The Federal Reserve's path on monetary policy remains uncertain, with investors now debating when the central bank will start cutting rates. Santander Chief US Economist Stephen Stanley joins Yahoo Finance to discuss the evolving outlook for Fed rate cuts. Stanley acknowledges that recent inflation data "is much more stubborn" than the Fed had anticipated, and he expects it to take "most of the year" before the Fed gains enough confidence to embark on a rate-easing cycle. However, Stanley points out "the good news" is that the Fed can afford to be patient because the economy continues to demonstrate resilience, outperforming expectations. If the economy were to experience a downturn and head into a recession, Stanley cautions that "all bets are off" regarding the Fed's policy path. However, if economic performance remains robust, he expects the prospect of rate cuts to continue being pushed back, reiterating that the Fed may need to see some labor market deterioration before cutting rates. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith
- Yahoo Finance Video
How best to safeguard your portfolio amid geopolitical risks
Israel has launched a retaliatory attack on Iran, but markets have shown a relatively muted reaction to the news. Carson Group Global Macro Strategist Sonu Varghese joins the Morning Brief to provide insights on how to navigate one's portfolio amid heightened geopolitical tensions. Varghese notes that the strike Israel launched was "smaller than expected," and although it initially weighed slightly on markets when first announced, stock futures are now trading flat on the news. However, Varghese emphasizes that these geopolitical tensions underscore the importance of maintaining "value in protection" when building investment portfolios. Varghese suggests that the key question to ask is: "Does this shift the macroeconomic regime that we are already in?" He explains that if the macroeconomic backdrop is already weak, "these sorts of geopolitical tensions add to that." Conversely, if the macroeconomic environment is strong, he does not believe that "geopolitical tensions will significantly exacerbate that." 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
