Dow Jones Industrial Average (^DJI)
- Yahoo Finance Video
Why Q1 beats are not 'good enough' to drive market gains
Stocks (^GSPC, ^IXIC, ^DJI) experienced a significant surge following the release of the April Consumer Price Index (CPI) data, which showed signs of cooling inflation, boosting hopes for potential rate cuts. To share insight into market outlooks amid the new data, Charles Schwab Senior Investment Strategist Kevin Gordon joins The Morning Brief. Gordon emphasizes that there are two crucial aspects investors should understand. While investors attribute market gains to the ongoing first quarter earnings season, Gordon considers the broader picture: "When you look at the data, and you look at the outperformance for companies relative to the S&P, or whatever benchmark, even when they're beating earnings, there hasn't been outperformance; you've actually seen an average decline." Secondly, Gordon advises investors not to "put so much focus on the Fed cutting being necessarily a bullish or a bearish thing for the market." He suggests that what's more important is the reason behind the Fed's decision to cut rates, as that will have a more significant impact on market dynamics. 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 look to extend highs, Walmart earnings beat estimates: Yahoo Finance
All three of the major indexes (^DJI,^GSPC, ^IXIC) are looking to extend their gains after closing at new records. The Dow Jones Industrial Average is within striking distance of 40,000, and the S&P 500 on Wednesday closed above 5,300 for the first time. One stock on the move is Walmart (WMT). The retail giant posted first quarter results that topped analyst estimates on both the top and bottom lines thanks, in part, to a boost in its e-commerce business.Yahoo Finance will speak with Walmart CFO John David Rainey at 9:15 a.m. ET. Other trending tickers on Yahoo Finance include Baidu (BIDU), Chubb Limited (CB), and Nvidia (NVDA). Top guests today include:9:24 a.m. ET - Jeff Tate, Dow CFO9:35 a.m. ET - Kevin Gordon, Charles Schwab Director, Senior Investment Strategist9:45 a.m. ET - Oliver Chen, TD Cowen Senior Research Analyst10:05 a.m. ET - Bhanu Baweja, UBS Investment Bank Chief Strategist10:15 a.m. ET - Simeon Siegel, Managing Director BMO11:20 a.m. ET - Lauren Hochfelder, Morgan Stanley Real Estate Investing Co-CEO
- Yahoo Finance Video
Another record high S&P 500: Wednesday's market takeaways
The S&P 500 (^GSPC) hit its first record high since March. Meanwhile, Wall Street grows more bullish, with BMO Capital Markets raising its year-end target for the S&P 500 to 5600, the current highest target on Wall Street. Can the market continue to make such notable gains? Yahoo Finance Reporter Josh Schafer joins Market Domination Overtime to break down Wednesday's top market takeaways. 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 Nicholas Jacobino
