S&P 500 (^GSPC)
| Previous close | 5,022.21 |
| Open | 5,031.52 |
| Volume |
| Day's range | 5,001.89 - 5,056.66 |
| 52-week range | 4,048.28 - 5,264.85 |
| Avg. volume | 4,073,443,225 |
- Yahoo Finance Video
Stocks: S&P 500, Nasdaq close lower for fifth-straight day
Stock market indexes (^DJI, ^IXIC, ^GSPC) are a mixed bag with only the Dow Jones Industrial Average closing higher by a mere 0.06%. Thursday's session close marks the fifth straight day in the S&P 500 and the Nasdaq Composite's current losing streaks. Market Domination Overtime Co-Host Julie Hyman reviews the day's trading activity after the closing bell. 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.
- Yahoo Finance Video
Why this economist still thinks the Fed will cut in June
Expectations for a June interest rate cut by the Federal Reserve are beginning to fade, as markets now anticipate the central bank may delay rate reductions until later in the year amid persistently hot inflation data. One person who is sticking with June is Citi Global Economist Rob Sockin. Sockin acknowledges that the timing of a potential Fed rate cut is a "close-call," noting that the recent inflation data "has come in a lot stronger than expected." He explains that with economic activity continuing to show robust momentum, markets have pushed out their expectations for when the central bank may begin an easing cycle. However, Sockin still believes there will be "enough evidence" that inflation is moderating for the Fed to start cutting rates in June. However, he points out that sectors like services inflation remain "very sticky" globally, forcing central banks worldwide to adopt a more cautious stance as they "worry that the services side of the inflation might be longer lived than they had originally thought." 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 Finance Video
Stocks above flatlines, sectors see boost this morning
US equity markets (^DJI, ^IXIC, ^GSPC) are floating into the green after Thursday's opening bell, all just above their flatline with the Dow Jones Industrial Average rising over 100 points. Morning Brief anchors Seana Smith and Brad Smith look at this morning's market action and the upside seen across most sectors and 10-year Treasury yields (^TNX). 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.
