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S&P 500 (^GSPC)
| Previous close | 5,187.70 |
| Open | 5,168.98 |
| Volume |
| Day's range | 5,165.86 - 5,191.95 |
| 52-week range | 4,098.92 - 5,264.85 |
| Avg. volume | 4,009,396,065 |
- Yahoo Finance Video
Stocks close mixed, Dow records sixth day in win streak
The Dow Jones Industrial Average (^DJI) holds strong, recording its sixth consecutive session of gains, while the Nasdaq Composite (^IXIC) falters ever so slightly and the S&P 500 (^GSPC) ekes just below its flatline. Market Domination Overtime's Julie Hyman reports on the major market indexes' flat performances after Wednesday's closing bell. 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
Investors are now selective on election risk, tech: Nuveen CIO
Markets (^DJI, ^IXIC, ^GSPC) have seemed to price in higher for longer interest rates after the Federal Reserve made its latest monetary policy decision to keep rates unchanged. As inflation sticks around, however, the Fed's long-term rate picture remains unclear. Yahoo Finance's Brian Sozzi and Akiko Fujita are joined by Nuveen Investments CIO Saira Malik at the Annual Milken Global Institute Conference to discuss the Federal Reserve, inflation, the overall state of the market, and more."I wasn't surprised to see payrolls miss this month. But they're still reasonably strong. Markets rallied last week on the Fed's comment because they were actually relieved that rate hikes were taken off the table," Malik comments on the market reaction to April's jobs report and Fed's rate hold last week. "I am not convinced that we're not going to see another rate hike. If inflation re-accelerates and the economy remains strong, I think you could be bringing a hike back on the table. It's not our base case, but I think it's still an issue out there." Catch more of Yahoo Finance's coverage at the 2024 Milken Institute Global Conference. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
- Yahoo Finance Video
Consumers may be getting 'a little winded': Strategist
The first quarter earnings season is nearing its end, with nearly 80% of S&P 500 (^GSPC) companies having reported their financial results. According to data from FactSet, first quarter earnings are on track for a 5% year-over-year growth rate. Annex Wealth Management Chief Economist and Strategist Brian Jacobsen joins the Morning Brief to shed light on the implications of this earnings season and its impact on market outlooks. Jacobsen notes that earnings season has been "better than a lot of people expected," but he also highlights a persistent "divergence." Companies in the tech and cyclical sectors are "outperforming retail," with the Consumer Discretionary Select Sector SPDR Fund (XLY) lagging behind the broader market. This divergence has led Jacobsen to suggest that the market may be signaling that "the consumer is getting a little winded here." Jacobsen observes that companies posting earnings surprises are rewarded less due to their guidance "over the longer term." While quarterly reports focus on "what they've done lately," markets focus more on what companies can achieve in the long run. Consequently, if a company beats earnings expectations but delivers weak guidance, often "the stocks get punished." On the valuation front, Jacobsen advises investors to compare earnings to the 10-year yield to determine whether current valuations are sustainable. 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
