S&P 500 (^GSPC)
| Previous Close | 5,035.69 |
| Open | 5,029.03 |
| Volume |
| Day's Range | 5,015.02 - 5,032.71 |
| 52 Week Range | 4,048.28 - 5,264.85 |
| Avg. Volume | 4,028,320,000 |
- Yahoo Finance Video
Market reprices for Fed rate cuts, but has it swung too far?
The Federal Reserve is set to announce its decision on interest rates Wednesday afternoon, so what does this mean for markets? HSBC Global Private Banking Global Chief Investment Officer Willem Sels joins The Morning Brief to discuss the potential market fallout from the Fed's communication. Sels believes that a rate cut announcement is unlikely to follow the conclusion of the Federal Open Market Committee's (FOMC) meeting today. He notes that markets have "completely shifted" from pricing in previous rate cut predictions to expecting just one potential cut. Sels highlights that the only scenario in which the announcement could be perceived as "negative for markets" is if Fed Chair Jerome Powell hints at no rate cuts whatsoever this year. Sels also sheds light on "the other side of the coin" of this higher-for-longer rate environment, suggesting that markets are likely to continue exhibiting strength. He emphasizes that current earnings are driving market performance, describing the strength of earnings as "relatively broad-based." 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
Fed decision, Amazon earnings, Starbucks sales: 3 Things
US stocks (^DJI, ^IXIC, ^GSPC) saw their worst monthly performance of this year in April ahead of the Federal Reserve's next interest rate policy decision on Wednesday afternoon. The market is under pressure this morning as equities search for clarity in the Fed's messaging for future FOMC meetings. Amazon (AMZN) posted stellar first-quarter earnings results boosted by its AI and AWS cloud segments. Lastly, Starbucks (SBUX) stock tumbles in Wednesday pre-market trading after the coffee chain missed first-quarter earnings estimates and revealed declining same-store sales figures. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Yahoo Finance VideoWhether Wall Street garden leaves survive non-compete ban is an 'open question'
Some 'garden leave' agreements that Wall Street uses to protect secrets are expected to survive the FTC's new non-compete ban, but some probably won't.
