NASDAQ Composite (^IXIC)
| Previous Close | 15,601.50 |
| Open | 15,547.10 |
| Volume |
| Day's Range | 15,312.08 - 15,576.70 |
| 52 Week Range | 11,798.77 - 16,538.86 |
| Avg. Volume | 5,200,640,161 |
- Yahoo Finance Video
The macro headwinds that geopolitical risks may stir up
As tensions in the Middle East escalate, investors are reevaluating their portfolio allocations to offset any geopolitical risks. Brandywine Global Portfolio Manager John McClain joins the discussion to provide insights on navigating this environment while crude oil prices (CL=F, BZ=F) are also slowly ticking up Friday. McClain highlights three key factors that investors should consider from a "macro perspective." Firstly, he sees "a lot of upside potential" for oil prices, driven by a supply-demand dynamic. Secondly, McClain emphasizes the importance of interest rates, calling the US Treasury market "a safe haven," although he cautioned that investors "have to be careful" with their positioning along the yield curve. Lastly, he highlights the "US exceptionalism" in the foreign exchange (FX) market with the US dollar benefiting from being "the only place to go for AI." When it comes to portfolio construction, McClain advises investors to focus on "what industries are driving" the particular region they are invested in. He underscores the crucial role played by central banks and their monetary policies, which can significantly impact portfolio performance. 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 mixed following Israel's airstrikes on Iran
Major stock market averages (^DJI, ^IXIC, ^GSPC) are starting Friday's trading session initially mixed as stocks face pressure stemming from Israel's airstrike on Iran and markets await if further escalations in Middle East conflicts materialize. The Dow Jones Industrial Average moves above its flatline as it holds onto gains to start the day. Morning Brief Hosts Seana Smith and Brad Smith monitor the morning market action and take a look at the gains seen across sectors. 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 FinanceOne of Wall Street's favorite calls to start 2024 has flopped
Wall Street strategists are becoming less confident in small cap stocks as Fed rate cut hopes diminish.
