Dow Jones Industrial Average (^DJI)
- Yahoo Finance Video
CPI market outlooks, Netflix deal, AI in tech: Catalysts
On today's episode of Catalysts, co-hosts Seana Smith and Madison Mills explore market reactions to economic data, company announcements, and the latest developments in the AI sector. Market dynamics take center stage as the show dissects the ripple effects of Wednesday's Consumer Price Index (CPI) print and the resurgence of the meme stock frenzy. Yahoo Finance's Jared Blikre breaks down the market response to the meme trade resurgence. Rabobank Senior Cross-Asset Macro Strategist Christian Lawrence joins the discussion to shed light on the implications of the CPI print for market outlooks. Additionally, Loomis Sayles Head of Full Discretion Team Matt Eagan and Nuveen Head of Municipals Dan Close offer their insights on market outlooks after the CPI release. The show also spotlights a several trending tickers, including Netflix (NFLX), which will now stream two holiday NFL games, Alphabet (GOOG, GOOGL), which unveiled new AI features at its Google I/O conference, and SunPower Corporation (SPWR), the recipient of a downgrade from Wolfe Research. Furthermore, BCG Global Chair Rich Lesser joins the discussion to explore the growing investments in generative AI from tech companies. This post was written by Angel Smith
- Yahoo Finance
Wall Street just gave its highest forecast yet for the S&P
BMO Capital Markets chief investment strategist Brian Belski sees the S&P 500 ending 2024 at 5,600 as stock momentum is "likely to persist."
- Yahoo Finance Video
CPI: Look to Russell 2000 to understand market sentiment
The Consumer Price Index's (CPI) core metric for the month of April matched expectations, rising 3.4% year-over-year. US Equities (^GSPC, ^DJI, ^IXIC) have begun to rise in response to this data on Wednesday morning. Yahoo Finance Reporter Josh Schafer joins Morning Brief to break down the latest CPI report and what it means for the overall market. 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
