NASDAQ Composite (^IXIC)
| Previous close | 15,611.76 |
| Open | 15,821.30 |
| Volume |
| Day's range | 15,770.72 - 15,981.00 |
| 52-week range | 11,925.37 - 16,538.86 |
| Avg. volume | 5,183,296,451 |
- Yahoo Finance Video
Microsoft, Alphabet earnings fuel stock rally: Yahoo Finance
All three of the major indexes (^DJI,^GSPC, ^IXIC) are jumping on better-than-expected quarterly results from Alphabet (GOOG, GOOGL) and Microsoft (MSFT). The earnings are providing evidence to investors that artificial intelligence is more than hype; there is a lot of cash being spent on the tech. Wall Street is also digesting another inflation report. The core March Personal Consumption Expenditures reading was slightly hotter than expected, but not enough to deter expectations that the Federal Reserve will eventually cut rates. Trending tickers on Yahoo Finance include Intel (INTC), Snap (SNAP), AbbVie (ABBV). Top guests today include: 3:15 p.m. ET - Daniel Yergin, S&P Global Vice Chairman 3:45 p.m. ET - Peter Arment, Baird Senior Analyst and Tony Bancroft, Gabelli Funds Portfolio Manager 4:25 p.m. ET - Robert D'Loren, Xcel CEO 4:35 p.m. ET - Mike Brown, Travel + Leisure CEO
- Yahoo Finance Video
Inflation data could force Fed's hand on rate hikes: Economist
March's Personal Consumption Expenditures (PCE) data arrived hotter than expected and GDP figures point to an economic slowdown. In this environment, economists and investors alike are revisiting the Federal Reserve's rate cut outlook. Stifel Financial Chief Economist Lindsey Piegza joins Yahoo Finance to discuss the prospects for Fed cuts. Piegza notes that although March's PCE did not show "a material increase" in inflation, the Fed had been "expecting a sizable reversal" supporting the disinflationary trend. She suggests that this report could force another adjustment to the Fed's outlook and further delay any near-term rate cuts, with the possibility of rate hikes even coming back into consideration. Regarding consumer behavior, Piegza acknowledges that the consumer remains "very resilient." However, she observes that consumers are becoming more cost-conscious, carefully weighing their spending decisions and seeking value, leading to a slowdown in "broad-based growth." "Without more of a meaningful decline or improvement in inflation, after that minimal concession, I think the Fed's hands are tied, and we'd likely see the Fed move back to the sidelines for a second, extended pause," Piegza tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith
Yahoo FinanceAlphabet market cap tops $2 trillion after earnings beat, dividend announcement
Alphabet reported Q1 earnings on Thursday that beat estimates. The company also announced its first-ever dividend.
