S&P 500 (^GSPC)
| Previous Close | 5,048.42 |
| Open | 5,084.65 |
| Volume |
| Day's Range | 5,073.14 - 5,114.62 |
| 52 Week Range | 4,048.28 - 5,264.85 |
| Avg. Volume | 4,048,983,225 |
- Yahoo Finance Video
Stocks finish the week strong, tech earnings fuel rally
All three of the major indexes (^DJI,^GSPC, ^IXIC) closed higher on Friday, fueled by strong earnings from Alphabet (GOOG, GOOGL) and Microsoft (MSFT). Yahoo Finance's Julie Hyman and Jared Blikre recap Friday's trading action. 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 Stephanie Mikulich.
- Yahoo Finance Video
For investors, forward guidance now outweighs earnings: Strategist
As inflation data shows continued stickiness, the likelihood of an imminent Federal Reserve rate cut has diminished, prompting market readjustments. Zacks Investment Management Client Portfolio Manager Brian Mulberry joins Wealth! to discuss how stubborn inflation not only impacts rate cut decisions but also earnings expectations. Mulberry states that markets are undergoing "a repricing event" due to a higher-for-longer interest rate environment. He highlights that with the Fed's target of 2% inflation, there is not "enough information or data to truly determine what interest rates should be today" — forcing a shift in how "future earnings are going to be valued." "In this moment, the earnings in the current quarter aren't as important as the guidance over the next couple of quarters for investors right now," Mulberry told Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
- Yahoo Finance Video
Stocks open higher, fueled by Alphabet, Microsoft results
The major indexes (^DJI,^GSPC, ^IXIC) opened higher on Friday morning thanks to strong results from Alphabet (GOOG, GOOGL) and Microsoft (MSFT). Investors seemingly were able to shrug off the latest inflation print. The core Personal Consumption Expenditures price index rose 2.8% in March, slightly more than the 2.7% economists had been expecting. It rose 0.3% from February, which was in line with estimates. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
