NASDAQ Composite (^IXIC)
| Previous close | 15,712.75 |
| Open | 15,547.10 |
| Volume |
| Day's range | 15,343.91 - 15,504.21 |
| 52-week range | 11,925.37 - 16,538.86 |
| Avg. volume | 5,179,536,612 |
- Yahoo Finance Video
Market pressure is 'normal' despite slowing GDP: Strategist
The first-quarter US GDP (gross domestic product) print grew by 1.6%, a slower pace than was expected for the quarter. Carson Group Chief Market Strategist Ryan Detrick joined the Morning Brief to discuss his market outlook following pressures sparked by the latest data print. Detrick points out that, historically, markets "tend to be a little weak" at the start of an election year, calling the current market environment "normal." He is not "overly concerned that the economy's slowing down" when taking the GDP print into account. Detrick expresses optimism that the economy is moving in the right direction, stating that "inflation's not perfect"; however, he still believes that two to three interest rate cuts could materialize in 2024. On the earnings front, with markets spooked after Meta Platforms' (META) earnings report and second-quarter guidance, Detrick cautions against drawing broad conclusions from a single company's performance: "It's hard to just say one company matters for everybody." However, he advises adopting a neutral stance on Big Tech due to group's pricy stocks. 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
Yahoo FinanceStock market today: US stocks tumble after Meta's reality check, soft GDP print
Meta's AI reality check has dented hopes for a Big Tech revival for stocks, with a GDP update showing the US economy grew slower than expected in the first quarter.
- Yahoo Finance Video
Does the market have new expectations ahead of tech earnings?
US equity markets (^DJI, ^IXIC, ^GSPC) seem to be stabilizing this trading week as first-quarter earnings slowly come out. The threat of higher for longer interest rates looms higher, casting a shadow on stocks that are unsure whether or not to price in rate directions just yet. Yahoo Finance Reporters Josh Schafer and Alexandra Canal talk about the market and investor confidence after companies like Tesla (TSLA) and Netflix (NFLX) reported earnings, building up hype for when tech superstars the likes of Meta Platforms (META) post their first-quarter results. 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.
