S&P 500 (^GSPC)
| Previous Close | 5,070.55 |
| Open | 5,084.86 |
| Volume |
| Day's Range | 5,051.93 - 5,089.48 |
| 52 Week Range | 4,048.28 - 5,264.85 |
| Avg. Volume | 4,045,096,774 |
- Yahoo Finance Video
Citi strategist expects a 'beat and hold' earnings season
Nearly three-fourths of the S&P 500 companies (^GSPC) that have reported their first-quarter results so far have posted positive earnings surprises, according to FactSet data. When speaking to Yahoo Finance last week, Evercore ISI's Julian Emanuel described the broader markets (^DJI, ^IXIC, ^GSPC) as having "digestion problems" this earnings season around positive results. Citi Director of US Equity Strategy Drew Pettit sits down with The Morning Brief in-studio to weigh in on earnings results, plainly stating that markets haven't "fully reset [the] risk/reward [ratio]" even when factoring in positive earnings data. "The overall theme we expect for this quarter is beat-and-old. That's not really exciting at this point. I think a lot of companies are going to use the run we've had year-to-date, especially in a lot of the growth names that have outperformed, to maybe temper expectations," Pettit tells Yahoo Finance. "Because we think the back half, it's going to get a little bit harder to beat, especially when we get to Q4." 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 mixed at the open, Big Tech earnings on deck
With the ringing of the opening bell, stocks (^DJI, ^IXIC, ^GSPC) are off to the races, beginning Wednesday's session mixed. The Dow Jones Industrial Average lags behind ever so slightly at the market open as Big Tech companies are set to report first-quarter earnings this week. Morning Brief Co-Hosts Seana Smith and Brad Smith report on the market open as tech earnings continue to roll out. 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
How big will tech earnings be for markets? Top Takeaways
Do the markets bow to Big Tech or are tech leaders influenced by broader market trends? Big Tech weighs heavily on the stock market (^DJI, ^IXIC, ^GSPC) this earnings season after the run-ups — and eventual declines — in stocks comprising the Magnificent Seven. Yahoo Finance's Head of News Myles Udland and Markets Reporter Josh Schafer join Market Domination Overtime to talk about earnings forecasts for dominant tech companies like Nvidia (NVDA) and where the biggest catalysts lie this earnings season. 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 Luke Carberry Mogan.
