Previous Close | 2,114.35 |
Open | 2,115.77 |
Volume |
Day's Range | 2,115.77 - 2,135.46 |
52 Week Range | 1,633.67 - 2,135.46 |
Avg. Volume | 4,100,070,819 |
After a stellar start to the year for stocks, investors are on guard for potential bumps in the second quarter as they gauge whether the Federal Reserve delivers on an expected interest rate cut by June and turn their focus on the health of upcoming earnings. The S&P 500 ended the first quarter with a gain of more than 10%, its largest first quarter advance since the nearly 13.1% jump in the first quarter of 2019. Whether the rally continues through June will likely depend on the Fed, which has not yet signaled that inflation has come down enough to justify a rate cut.
The Dow Jones Industrial Average rose 0.1%, and the Nasdaq composite slipped 0.1%. Treasury yields inched higher in the bond market following several reports on the economy. The Nasdaq composite fell 20.06 points, or 0.1%, to 16,379.46.
The Nasdaq Composite was down 0.1%. "But with the momentum we're seeing the reliance on cuts is evolving into more of an insurance policy for disappointments of growth - there if you need it, but better if you don't."