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Dow Jones Industrial Average (^DJI)
| Previous close | 39,056.39 |
| Open | 39,064.30 |
| Volume |
| Day's range | 38,988.85 - 39,413.66 |
| 52-week range | 32,327.20 - 39,889.05 |
| Avg. volume | 347,375,645 |
- Yahoo Finance Video
Dow rallies, Trump calls on big oil: Market Domination Overtime
The Dow Jones Industrial (^DJI) closed its seventh straight day of gains while the Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) started their day in the red. The Federal Reserve released an assessment over how big banks would fare during climate crisis events in the northeast. Former President Donald Trump was reportedly talking to big oil CEOs to raise $1 billion while his campaign in dire straits, making certain promises if he is re-elected. For more expert insight and the latest market action, click here
- Yahoo Finance Video
3 potential risks to equities this strategist anticipates
US Bank Asset Management Group CIO Eric Freedman sees three major concerns for domestic equities, beginning with the commercial real estate sector. “If we see some challenges to fixed-income, we see some auctions go the wrong way, and interest rates turn higher, that could be a challenge for commercial real estate,” he explains to Yahoo Finance. He adds that the sector will certainly feel pressure if rates breach a 5% level. His second concern lies in potential challenges to liquidity: “Whether it was what was happening in the Treasury market, whether it was happening with the tapering process from the Fed, that’s something that we think will reverse in May." Freedman’s third and final concern is reliance on large-cap tech: “We do think that corporate CapEx [capital expenditure] is still there. We think there’s still delivery in terms of corporations spending on big data, AI, as well as cyber,” he explains, adding: “If those reverse, we’d have some concerns." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
Yahoo FinanceStock market today: Dow pops for 7th straight day as S&P 500 climbs back above 5,200
Stocks have lost their bounce after a growing chorus of Federal Reserve officials made it clear that interest rates will need to stay higher for longer.
