S&P 500 (^GSPC)
| Previous Close | 5,214.08 |
| Open | 5,225.49 |
| Volume |
| Day's Range | 5,209.68 - 5,239.66 |
| 52 Week Range | 4,099.12 - 5,264.85 |
| Avg. Volume | 4,003,703,870 |
- Yahoo Finance Video
'Loose' financial conditions may slow Fed rate cut: Strategist
As interest rates remain elevated and new economic data is set to be released next week, Brandywine Global High Yield and Corporate Credit Strategies Co-Portfolio Manager Bill Zox joins Market Domination to provide insights into the Federal Reserve's outlook on rate cuts and the bond yield market in this environment. Zox suggests that while inflation prints are important, his primary focus lies elsewhere. He questions whether the Fed "will need financial conditions to tighten further to bring inflation down to 2%." As for the bond yield market, Zox emphasizes its dependence on potential rate cuts. However, Zox advises investors to consider the financials and cable sectors within the yield market, stating, "There are some real opportunities being created there." 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 Angel Smith
- Yahoo Finance Video
As economy reverses, expect 3 rate cuts this year: Strategist
Several Federal Reserve leaders offered commentary this week, suggesting that the central bank will remain patient before cutting interest rates. The debate as to when the Fed will cut rates continues, as some analysts believe the Fed will push back rate cuts. Morgan Stanley Wealth Management Managing Director Dan Skelly joins Market Domination to give insight into the state of the economy and why he believes the Fed will cut interest rates multiple times by the end of the year. Skelly explains that his economics team has identified notable surprises in the first couple of months of the year which may reverse in the coming months: "Namely, shelters and rents we think might be on more of a disinflation path in the second half. We continue to see widespread penetration of immigrant labor, which is happening at lower wage clips on average. We think the slowdown in wages that we've seen somewhat may continue, and then just lastly, goods, seemingly continued to disinflate with China exporting deflation with all the excess capacity going on there. So, look, I think there's some reasons to believe some of these surprises may reverse. Our official call at the moment is for still three cuts starting in September of this year. " For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Novavax-Sanofi vaccine deal, Yelp and Sweetgreen earnings: Morning Brief
On today's episode of The Morning Brief, Hosts Seana Smith and Brad Smith break down some of the biggest news affecting the market (^DJI, ^IXIC, ^GSPC). President Biden is reportedly set to release a new wave of tariffs targeting China in critical sectors, including electric vehicles, semiconductors, and solar equipment. Novavax (NVAX) shares skyrocket following the announcement of a $1.2 billion deal with Sanofi (SNY) to commercialize its combined COVID-19 and flu shot. Restaurant and business review platform Yelp (YELP) misses first-quarter earnings estimates as US consumer spending remains relatively weak. Taiwan Semiconductor (TSM) sales jumped nearly 60% year-over-year as the artificial intelligence race heats up and demand for chips rises. Wedbush Securities Managing Director Dan Ives joins Yahoo Finance to discuss "the fourth Industrial Revolution" in AI and Apple's (AAPL) position among other Big Tech competitors. Sweetgreen (SG) shares soar after topping first-quarter revenue expectations and raising its full-year guidance. CEO Jonathan Neman joins to discuss the company's plans moving forward. This post was written by Melanie Riehl
