S&P 500 (^GSPC)
| Previous Close | 5,071.63 |
| Open | 5,019.88 |
| Volume |
| Day's Range | 4,990.58 - 5,057.75 |
| 52 Week Range | 4,048.28 - 5,264.85 |
| Avg. Volume | 4,048,983,225 |
Yahoo FinanceStock market today: US futures jump, fueled by stellar Alphabet, Microsoft earnings
Stellar earnings from the 'Magnificent Seven' duo have reignited optimism for a rally, but the PCE inflation print could put a spoke in the wheel.
- Yahoo Finance Video
Stocks stumble and close lower on Meta, other tech earnings
On the heels of the first round of first-quarter tech earnings, stocks (^DJI, ^IXIC, ^GSPC) close Thursday's session lower. The Dow Jones Industrial Average sank by 374 points, close to 1%. Market Domination Overtime Hosts Julie Hyman and Jared Blikre take a gander at the day's market performance and notable sector laggards. 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.
- Yahoo Finance Video
GDP print will have minimal impact on markets: Strategist
Markets (^DJI, ^IXIC, ^GSPC) are moving lower on Thursday, reacting to a weaker-than-expected GDP print for the first quarter. Deutsche Bank Chief US Equity and Global Strategist Binky Chadha joins The Morning Brief to discuss his market and inflation outlooks as stocks come under pressure this session. Chadha argues that "there's very little to take away" from the GDP print, suggesting that it should be analyzed "in components." He highlights that the largest component, the Personal Consumption Expenditures (PCE) Index, grew in line with its ten-year trend, indicating that GDP has "few implications for markets going forward." Chadha notes that the disappointing print stemmed from "the two largest, noisiest components of GDP": inventories and trade bonds, which, upon closer inspection, "look absolutely fine." Addressing inflation concerns, Chadha states: "Yes, of course, it matters for inflation, but the growth we've had has not mattered for inflation." He adds, "If you measure inflation relative to growth... we've been steady for about two years." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith
