Previous close | 39,760.08 |
Open | 39,763.70 |
Volume |
Day's range | 39,717.25 - 39,848.05 |
52-week range | 32,327.20 - 39,889.05 |
Avg. volume | 337,295,737 |
As investors grapple with rate cut uncertainty, they are eager to assess how it will impact the current market dynamics. NewEdge Wealth Senior Portfolio Manager Ben Emons joins Yahoo Finance Live to discuss market outlooks. Emons notes that GDP data has shown strengths "across the board." He highlights the importance of government spending, stating that as long as it remains steady and "doesn't change," it gives him confidence in the economy — suggesting that the market rally has the potential to "broaden." Regarding the Baltimore Key Bridge tragedy, Emons believes its effect on the supply chain will be "offset" by other ports of entry. He acknowledges that the supply chain has always been a "complex animal," saying investors cannot truly predict "the exact chain of effects that will take place from here" or how it will affect markets until the situation fully unfolds. However, he notes that the market is currently "watching and waiting." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Angel Smith
Stocks (^DJI, ^IXIC, ^GSPC) could be on their way to close out first-quarter 2024 on a positive note, seeing first-quarter gains across the board for the first time in several years. Thursday is the final trading day for the month of March and the quarter in this shortened trading week. Federal Reserve Governor Chris Waller has stated he is in "no rush" to cut interest rates in 2024 after the past months' inflation data. Former FTX (FTT-USD) CEO Sam Bankman-Fried is set to be sentenced Thursday morning on charges related to defrauding customers of the crypto platform. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Luke Carberry Mogan.
Small caps outperformed again in the stock market today as the Russell 2000 broke out to a new high. Bitcoin surged 4%.