Dow Jones Industrial Average (^DJI)
| Previous Close | 38,225.66 |
| Open | 38,709.36 |
| Volume |
| Day's Range | 38,709.36 - 38,770.74 |
| 52 Week Range | 32,327.20 - 39,889.05 |
| Avg. Volume | 344,690,161 |
- Yahoo Finance Video
April jobs data, Apple earnings, Block and bitcoin: 3 Things
US stock futures (^DJI, ^IXIC, ^GSPC) are ripping higher ahead of Friday's session open after the US Bureau of Labor Statistics reported 175,000 jobs were added to the US economy, a cooler print than previous months seen so far in 2024. What does this mean for interest rate cut hopes? Apple (AAPL) stock is rising in pre-market trading after topping fiscal second-quarter earnings estimates on Thursday, despite reporting falling iPhone sales year-over-year. Lastly, Block (SQ) shares are popping after reporting plans to focus more on bitcoin (BTC-USD) in its latest earnings report. 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 Video
Stocks eye rate hike chances, Treasury yields: Top Takeaways
US equities (^GSPC, ^DJI, ^IXIC) closed Thursday higher after a sluggish April session. The S&P 500 managed to end the day higher for the first time in three sessions. The market is seemingly pricing in Federal Reserve Chair Jerome Powell's comments over the improbability of rate hikes. Yahoo Finance Markets Reporter Josh Schafer joins Market Domination Overtime to discuss the top takeaways for the trading day on May 2. 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
- Yahoo Finance Video
Markets see 'shallow' rate cut path through 2026: Strategist
The Federal Reserve announced its decision to hold interest rates at their current levels on Wednesday. Fed Chair Jerome Powell reiterated the central bank's need to observe further progress in taming inflation before initiating a rate-cutting cycle. Joining the Morning Brief to provide insights into the rate cut outlook is UBS Global Management Head of Taxable Fixed Income Strategy Leslie Falconio. Falconio highlights that the market had adopted a hawkish stance leading up to the Fed meeting, effectively pricing out numerous rate cuts — with markets now factoring in just one rate cut in 2024 and "a very shallow cutting path" in 2025 and 2026. She acknowledges the market's speculation about a potential rate hike, emphasizing that "the important part" was Fed Chair Powell's clarification on the path forward for rate cuts. Addressing the inflation target, Falconio emphasizes the Fed's need for "continued progress lower" in economic data. While the target remains at 2%, she believes that the exact figure may not necessarily need to be attained, as long as the disinflationary trend persists. 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
