Dow Jones Industrial Average (^DJI)
| Previous close | 38,460.92 |
| Open | 38,052.10 |
| Volume |
| Day's range | 37,754.38 - 38,052.09 |
| 52-week range | 32,327.20 - 39,889.05 |
| Avg. volume | 341,666,774 |
- 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 FinanceStocks are sending mixed signals, but investors shouldn't 'lose faith now': Morning Brief
Investors face mixed signals from Wall Street — as well as a historical calendar that suggests some chop might be around the corner.
- Yahoo Finance Video
Stock market: S&P 500, Nasdaq continue rebound from Q2 lows
The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) are finding their groove as they close slightly higher for the third session in a row, shaking off pre-earnings pressures from the start of this quarter. The Dow Jones Industrial Average (^DJI) has fallen by a mere 42 points in today's session. Market Domination Overtime Anchor Julie Hyman gives an overview of today's market performance and Senior Markets Reporter Jared Blikre takes a closer look at sector gains and tech stock leaders in the Nasdaq 100 (^NDX). 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.
