S&P 500 (^GSPC)
| Previous close | 5,127.79 |
| Open | 5,142.42 |
| Volume |
| Day's range | 5,142.42 - 5,181.00 |
| 52-week range | 4,098.92 - 5,264.85 |
| Avg. volume | 4,015,198,852 |
Yahoo FinanceStock market today: US futures take a breather as Disney earnings land
Results from Disney took center stage as the media giant posted the first profit for a key part of its streaming business.
- Yahoo Finance Video
Could a soft labor market lead to Fed rate cuts?
The Federal Reserve has consistently reiterated its stance that it needs to see substantial improvement in inflation before considering rate cuts. However, Macro Institute Chief Investment Strategist Brian Nick joins Market Domination to discuss why he believes the Fed could be compelled to cut rates due to a weakening labor market. Nick acknowledges that "it's too soon" to determine whether the markets will experience a soft landing scenario or potentially face "something worse." However, he points out the reality that interest rates remain at elevated levels, banks are tightening their lending standards, and consumer delinquency is up. Coupled with a weak labor market, these are signs that point toward "a weaker consumer," Nick says. Nick predicts that a rate cut could materialize near the end of July, stating his expectation that the unemployment rate "will move up uncomfortably high for the Fed," forcing them to act by cutting rates. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Yahoo FinanceCompanies are having their best earnings season in nearly 2 years
Earnings for the S&P 500 are growing at their fastest rate since 2022 and analysts see that trend continuing into next quarter, setting up a positive backdrop for stocks.
