S&P 500 (^GSPC)
| Previous close | 5,214.08 |
| Open | 5,225.49 |
| Volume |
| Day's range | 5,213.29 - 5,239.66 |
| 52-week range | 4,099.12 - 5,264.85 |
| Avg. volume | 4,003,703,870 |
- Yahoo Finance Video
Stocks open higher, Dow and utilities sector rally further
The market averages (^DJI, ^IXIC, ^GSPC) open Friday's session higher as all three of the US indexes seek to close the week out in the green. The Dow Jones Industrial Average is roaring to continue its rally to an eight day win streak. Yahoo Finance Senior Markets Reporter Jared Blikre joins Morning Brief Anchors Seana Smith and Brad Smith in their analysis of sector leaders, including gains seen in utilities (XLU). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Stock markets, China tariffs, Novavax and Sanofi: 3 Things
The major stock market indexes (^DJI, ^IXIC, ^GSPC) are on the road to closing out the first full trading week of May on a high note, alongside several of its European counterparts: the FTSE 100 (^FTSE), the DAX Performance Index (^GDAXI), and the CAC 40 (^FCHI). President Biden is reportedly set to announce updates on Trump-era trade tariffs on China. Novavax (NVAX) shares are skyrocketing over 110% on news of the biotech company's plans to licensing deal with Sanofi (SNY, SAN.PA) to co-commercialize its COVID-19 vaccine For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- 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
