S&P 500 (^GSPC)
| Previous close | 5,010.60 |
| Open | 5,028.85 |
| Volume |
| Day's range | 5,027.96 - 5,068.82 |
| 52-week range | 4,048.28 - 5,264.85 |
| Avg. volume | 4,054,429,516 |
- Yahoo Finance Video
Be careful of chasing market 'exuberance': Strategist
The S&P 500 (^GSPC) has seen as historic run recently, with the index gaining over 19% in the past 6 months, and multiple firms raising their target goals for the index. While some bullish sentiment remains, the index has come down from it's all-time highs, raising some concern among other investors. Wells Fargo Investment Institute Global Investment Strategist Veronica Willis joins The Morning Brief to give insight into the overall market and why investors might want to remain cautious among market uncertainty. Willis offers this advice to investors: "There are still economic uncertainties and there's still some potential for a little bit of a market downturn. So maybe taking some profit in some of those areas that have performed well and rotating into some of the sectors that we do like right now, energy, industrials, materials, and healthcare could be a smart move as those valuations might be better at this point." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
Yahoo FinanceThe biggest earnings week is still a month away: Morning Brief
Nvidia will report earnings in late May, an event that is likely more crucial to the overall market than the coming week's crush of results and economic data.
- Yahoo Finance Video
Inflation is challenging small and mid-cap stocks: Strategist
Markets have been undergoing a correction as major market indexes (^DJI, ^IXIC, ^GSPC) struggle and have seen consecutive daily losses as of late. BofA Securities Senior US Equity Strategist and Head of US Small/Mid-Cap Strategy Jill Carey Hall joins Market Domination to discuss the market outlook. Hall acknowledges that a correction was looming: "It had been a while since markets had seen any significant pullback." She notes that the ongoing earnings season would have investors scrutinizing company outlooks amid higher inflation, geopolitical risks, and uncertainty attributed to expectations around the Federal Reserve's monetary policy. Throughout 2024 so far, Hall highlights that markets have seen "inflation data that surprised to the upside," which has led to Fed rate cut expectations being pushed out further into the year. She cautions that this could affect the performance of small-cap stocks, boosting refinancing risks in the sector. When asked about how investors should position themselves in the current market conditions, Hall recommended seeking exposure in sectors such as Energy, Industrials, and Materials, stating "it's an environment where it makes sense to be active rather than passive." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
