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S&P 500 (^GSPC)
| Previous close | 5,010.60 |
| Open | 5,028.85 |
| Volume |
| Day's range | 5,027.96 - 5,076.12 |
| 52-week range | 4,048.28 - 5,264.85 |
| Avg. volume | 4,054,429,516 |
- Yahoo Finance Video
Investor playbook: The biggest earnings surprises so far
Wall Street gears up for a number of big tech earnings this week as many of the tech giants hold much of the value of the S&P 500 (^GSPC). As earnings from the Magnificent Seven roll out, investors may be looking for opportunities to enter the market. Simplify Asset Management Chief Strategist Michael Green and Wealth Enhancement Group Senior Vice President and Financial Advisor Nicole Webb join Market Domination to discuss investment opportunities during this big week of tech earnings and beyond. Webb gives her overview of earnings so far: "To us, it's just all of this playing out of where does the earnings growth for the rest of the year come from, and we had anticipated a deceleration from those mega tech names in the back half of this year. And so kind of below the surface we see this churning, the broadening that everyone is talking about and some of that relative outperformance from places like the equal weight S&P (^SPXEW)." Green follows up with: "I think the biggest surprises that have come out of earnings in general have been things like General Motors' (GM) announcement today that was accompanied by an astonishing buyback where they shrank the quantity of shares by around 17%. This is in contrast, that level of buyback is unprecedented for many of these companies for that to be happening in open markets. And it's just highlighting that the exceptionally cheap areas of the market as long as there's a little bit of support that's coming in through the interest rate space, that really looks like that could be an area of focus." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
Yahoo FinanceStock market today: S&P 500, Nasdaq notch big gains as Tesla kicks off 'Magnificent 7' earnings
The wait for Tesla results is on as investors look to Big Tech earnings to buoy stocks.
- Yahoo Finance Video
Be careful of chasing market 'exuberance': Strategist
The S&P 500 (^GSPC) has seen as historic run recently, with the index gaining over 19% in the past 6 months, and multiple firms raising their target goals for the index. While some bullish sentiment remains, the index has come down from it's all-time highs, raising some concern among other investors. Wells Fargo Investment Institute Global Investment Strategist Veronica Willis joins The Morning Brief to give insight into the overall market and why investors might want to remain cautious among market uncertainty. Willis offers this advice to investors: "There are still economic uncertainties and there's still some potential for a little bit of a market downturn. So maybe taking some profit in some of those areas that have performed well and rotating into some of the sectors that we do like right now, energy, industrials, materials, and healthcare could be a smart move as those valuations might be better at this point." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
