S&P 500 (^GSPC)
| Previous Close | 5,022.21 |
| Open | 5,031.52 |
| Volume |
| Day's Range | 5,001.89 - 5,056.66 |
| 52 Week Range | 4,048.28 - 5,264.85 |
| Avg. Volume | 4,062,678,064 |
- Yahoo Finance Video
Q1 earnings may be weighing down markets: Top Takeaways
The S&P 500 (^GSPC) edged lower on Thursday, closing out the trading day in the red for the fifth consecutive session. Yahoo Finance Markets Reporter Josh Schafer provides insights into how incoming earnings season results are impacting forecasts and the performance of the major market index. 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
Evercore's Emanuel on earnings: Good news may not be so good
As companies in the S&P 500 (^GSPC) — especially Big Tech leaders — begin to report first-quarter earnings, it's evident companies' prospective stocks are reacting negatively to overly positive earnings news. Evercore ISI Senior Managing Director Equity of Derivatives and Quantitative Strategy Julian Emanuel joins Market Domination to discuss how stocks are responding to quarterly results, as well as touch on the trajectory of the S&P 500 as the likelihood of interest rate cuts in 2024 by the Federal Reserve starts to dissipate. "The bigger message is that the companies that have done well in some cases have seen their shares perform poorly... case in point, it's the double beats, the ones beating on EPS and revenues," Emanuel tells Yahoo Finance. "And the share price reaction that is... less than stellar, and some cases outright poor, that's what really tells us that the broader market is having digestion problems in and around this earnings season." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Big banks push rate cut forecasts further
Stocks (^DJI,^GSPC, ^IXIC) opened mixed on Thursday morning as investors begin to price in the idea of interest rate cuts from the Federal Reserve not happening until after June. The Fed continues to affirm that rate cuts won't come until inflation is much closer to that target date, a point reiterated by Bank of America CEO Brian Moynihan, who spoke to Yahoo Finance Executive Editor Brian Sozzi about potential policy decisions from the Fed. Due to this current stance, many of the big banks have adjusted their rate cut forecasts to later in the year, including Bank of America, which has pushed back its forecast to December of this year. Yahoo Finance Reporter Josh Schafer joins The Morning Brief to break down the adjusted forecasts for a rate cut and how this will impact the market . For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
