S&P 500 (^GSPC)
| Previous Close | 5,116.17 |
| Open | 5,103.78 |
| Volume |
| Day's Range | 5,064.09 - 5,110.83 |
| 52 Week Range | 4,048.28 - 5,264.85 |
| Avg. Volume | 4,043,988,064 |
- Yahoo Finance Video
3 factors this strategist believes will impact interest rates
Treasury yields (^TYX, ^TNX, ^FVX) are surging on Tuesday as the Treasury Department announced higher yields will be expected for the next two quarters. BlackRock Head of iShares Investment Strategy Americas Gargi Chaudhuri joins Catalysts to discuss the implications of higher yields on the broader equity market (^DJI, ^IXIC, ^GSPC). Chaudhuri notes that although yields have risen, the market has remained "extremely resilient." However, moving forward, she emphasizes that attention will shift to earnings, as the better-than-expected earnings reported so far "have given a boost" to "some pockets" of the market. Chaudhuri highlights that there are "a number of data points" that need to be considered when assessing the future trajectory of monetary policy. She identifies three main factors that could contribute to a prolonged higher-for-longer interest rate environment: supply dynamics, the path of inflation, and labor market growth trends. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
- Yahoo Finance Video
Dovish messaging unlikely at Fed meeting: Economist
All eyes are on the Federal Open Market Committee (FOMC) meeting as it begins on Tuesday, with markets questioning the potential implications for the future of interest rates. Deutsche Bank Senior US Economist Brett Ryan joins Catalysts to share his expectations regarding the Fed's decision. Ryan acknowledges that in light of recent inflation data, "it's difficult" to envision the Fed adopting a dovish tone during tomorrow's decision announcement. Instead, he anticipates the central bank will denounce fears of an impending rate hike but hold interest rates steady amid the elevated inflationary environment "until they see more progress" toward their target. Turning to consumer spending, Ryan says that since the pandemic, "consumer spending has been divorced from consumer confidence." However, Ryan notes that "the important thing to follow" is the labor market, and "what's supporting spending is labor income growth." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
- Yahoo Finance Video
Stocks open lower ahead of Fed's rate decision on Wednesday
US stock market indexes (^DJI, ^IXIC, ^GSPC) open Tuesday's session lower as equities are listening closely to the Federal Reserve's interest rate decision to come out on Wednesday, May 1. Morning Brief Anchors Seana Smith and Brad Smith monitor gains in the 10-year Treasury Yield (^TNX) and sector losses after the market open. 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.
