The second half of the year started with gains in global stock indexes on Friday ahead of the long U.S. holiday weekend, while the 10-year Treasury yield fell the most since COVID-19 hit markets in March 2020. U.S. markets will be closed Monday for the U.S. Fourth of July holiday. "It's a Friday before a long weekend, so market movements can be somewhat exaggerated," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
Chris Wolfe, First Republic Private Wealth Management CIO, and Rob Haworth, U.S. Bank Wealth Management Senior Investment Strategist, join Yahoo Finance Live to discuss market growth outlooks ahead of the Fed's next meeting, inflation, and how to defensively position investments.
Wall Street bounced back to a sharply higher close in light trading on Friday as investors embarked on the second half of the year ahead of the long holiday weekend. All three major U.S. stock indexes reversed early losses to end in well into positive territory in the wake of the stock market's worst first half in decades.