NIKKEI 225
32,775.82 -455.45 (-1.37%) HANG SENG
16,327.86 -318.19 (-1.91%) CRUDE OIL
72.41 -0.63 (-0.86%) GOLD FUTURES
2,037.30 -4.90 (-0.24%) DOW
36,124.56 -79.88 (-0.22%) Bitcoin GBP
34,773.43 +1,599.87 (+4.82%)
NASDAQ Composite (^IXIC)
| Previous close | 14,185.49 |
| Open | 14,126.40 |
| Volume |
| Day's range | 14,121.76 - 14,285.66 |
| 52-week range | 10,207.47 - 14,446.55 |
| Avg. volume | 4,633,238,730 |
Yahoo FinanceStock market news today: Tech gains, Dow lags on heels of slowing labor market demand
Investors are looking to labor market readings as they decide whether to put hopes for an interest rate cut on ice.
- Yahoo Finance Video
Why the S&P 500 can easily get over 5000 points: Strategist
Wall Street analysts have very different outlooks for the S&P 500 (^GSPC) next year, with some firms indicating it will reach 5000 and above while other feel it will stay under 5000. With so much economic uncertainty heading into next year, it's hard to wade through all of the analysis. Lori Calvasina, RBC Capital Markets Head of US Equity Strategy, joins Yahoo Finance to discuss her outlook and help digest some of the data going into her prediction. Calvasina outlines how she got to her prediction: "The moderation in inflation can push the PE multiple up above 20 times. I see a lot of people who are using 18 times... If you take the math, and I think our model spits out 23 times for the end of next year, take it against our earnings forecast for next year, we actually think, on a bull case scenario, you could get all the way up to 5300 on the S&P and the multiple would be defensible. That is probably... the most interesting conversation I have with clients right now." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Reuters
US STOCKS-Wall Street ends mixed after job openings hint at cooling economy
Wall Street finished mixed on Tuesday after fresh employment data bolstered bets that the U.S. Federal Reserve will cut interest rates as soon as March. Apple and other megacaps gained while consumer staples stocks dipped after data showed U.S. job openings dropped in October to the lowest level since early 2021, indicating that the labor market was easing. "As interest rates rise and as demand slows, companies are pulling back on job openings, which is essentially what the Fed wants," said Sam Stovall, chief investment strategist at CFRA Research in New York.
