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S&P 500 (^GSPC)
| Previous close | 5,022.21 |
| Open | 5,031.52 |
| Volume |
| Day's range | 5,001.89 - 5,056.66 |
| 52-week range | 4,048.28 - 5,264.85 |
| Avg. volume | 4,073,443,225 |
Yahoo FinanceStock rebound falters as Netflix set to kick off Big Tech earnings
Investors are counting down to earnings from Netflix, the first of the "Magnificent" group of companies to report.
- Yahoo Finance Video
Big banks push rate cut forecasts further
Stocks (^DJI,^GSPC, ^IXIC) opened mixed on Thursday morning as investors begin to price in the idea of interest rate cuts from the Federal Reserve not happening until after June. The Fed continues to affirm that rate cuts won't come until inflation is much closer to that target date, a point reiterated by Bank of America CEO Brian Moynihan, who spoke to Yahoo Finance Executive Editor Brian Sozzi about potential policy decisions from the Fed. Due to this current stance, many of the big banks have adjusted their rate cut forecasts to later in the year, including Bank of America, which has pushed back its forecast to December of this year. Yahoo Finance Reporter Josh Schafer joins The Morning Brief to break down the adjusted forecasts for a rate cut and how this will impact the market . 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
Yahoo FinanceHigh rates haven't always been a problem for stocks
Research from BMO Capital Markets shows stocks have actually performed better under higher interest rate regimes over the past three decades.
