S&P 500 (^GSPC)
| Previous close | 5,061.82 |
| Open | 5,064.59 |
| Volume |
| Day's range | 5,039.83 - 5,079.84 |
| 52-week range | 4,048.28 - 5,264.85 |
| Avg. volume | 4,079,012,096 |
- Yahoo Finance Video
Fed's inflation forecast, market volatility: Top Takeaways
US stock market indexes (^DJI, ^IXIC, ^GSPC) are taken aback by Federal Reserve Chair Jerome Powell's statements outlining that it's taking a lot longer than expected to reach the Fed's 2% inflation target. In turn, Treasury yields (^TYX, ^TNX, ^FVX) are flourishing in this higher-for-longer interest rate environment. Yahoo Finance Reporter Alexandra Canal joins Market Domination Overtime to go over the most influential market trends steering stocks, including market volatility levels (^VIX). 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
A September rate cut may signal something's off: Strategist
It’s beginning to look more and more like the Federal Reserve could hold interest rates higher for even longer, at least according to several Wall Street experts. MUFG Head of US Macro Strategy George Goncalves examines several market pressures (^DJI, ^IXIC, ^GSPC) stemming from the potential for Fed rate cuts that may not come until late 2024. "It gives them a down payment towards their easing which we know they want to do. They have it in their forecast, they know it's restrictive," Goncalves says. "They don't want to create any sore of... undue harm to the economy down the road. But if you miss the June/July window, the only reason then you would cut in September is if something progressively gets worse. That's kind of the irony here." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Fund managers bullish on 'no landing' in next year: BofA
Hard landing, soft landing, or no landing at all — where exactly do investors stand on the US economy's trajectory while grappling with inflation? Retail sales data released this week surprised to the upside, indicating that consumers are continuing to spend despite elevated inflation. As the economic resilience persists, a Bank of America Global Fund Manager Survey reveals a shift in sentiment. According to the survey, 36% of respondents now believe a "no landing" scenario could materialize in the next 12 months, a scenario where the economy avoids both a hard landing and a soft landing. In contrast, the proportion of those anticipating a hard landing or outright recession sits at just 7%. Yahoo Finance's Josh Schafer breaks down the details, providing insights into the current economic landscape and the implications for markets. 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
