Copper Jul 24 (HG=F)
| Pre. Settlement | N/A |
| Settlement Date | 2024-07-29 |
| Open | 4.8750 |
| Bid | 4.8500 |
| Last Price | 4.8550 |
| Day's Range | 4.8335 - 4.8935 |
| Volume | |
| Ask | 4.8500 |
- Yahoo Finance Video
Dow tumbles, S&P 500 flashing a warning signal: Market takeaways
The Dow Jones Industrial Average (^DJI) shed 605 points on Thursday, largely due to a steep decline in Boeing (BA) shares. The company's CFO issued a warning about cash flow burn, sending the stock tumbling more than 7%. Yahoo Finance's Jared Blikre shares his market takeaways for May 23rd, including why the S&P 500 (^GSPC) may be showing "a yellow flashing signal." For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Stephanie Mikulich.
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What the commodity rally means for inflation
The commodity sector has been rallying, reaching all-time highs, but what does this mean for the Federal Reserve's fight against inflation? HSBC Chief Multi-Asset Strategist Max Kettner joins Catalysts to discuss his outlook. Kettner says the commodity rally has not "reignited a lot of those inflationary concerns." He notes that rallies such as the one occurring in Gold (GC=F) are coming from central bank buying. He also points out that commodities benefitted from less diversification happening in areas such as bonds coming off the Fed's rate hike cycle, pushing assets like Gold higher as well. On the natural gas front, Kettner says he is not concerned, though he cautions if oil (CL=F, BZ=F) and natural gas (NG=F) prices were to rise simultaneously, it could pose a problem for markets. However, he says current energy prices in the US are still "relatively tame," adding that this indicates "we're nowhere near hitting that 2% inflation target anytime soon." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
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Metals, oil, and ethereum price: Commodities Check
While commodities extend price rallies in recent weeks, Yahoo Finance Senior Markets Reporter Jared Blikre monitors the action seen in key commodities futures — including precious metals silver (SI=F) and copper (HG=F) and crude oil (CL=F, BZ=F) — as well as cryptocurrencies bitcoin (BTC-USD) and ethereum (ETH-USD). 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.
