S&P 500 (^GSPC)
| Previous Close | 5,035.69 |
| Open | 5,029.03 |
| Volume |
| Day's Range | 5,013.45 - 5,096.12 |
| 52 Week Range | 4,048.28 - 5,264.85 |
| Avg. Volume | 4,028,320,000 |
- Yahoo Finance Video
2024 will be 'year of diversification': Strategist
With the Federal Reserve keeping interest rates high, US equities (^GSPC, ^DJI, ^IXIC) have begun to once again price in the higher-for-longer interest rates as inflation continues to make its way through the economy. With so much uncertainty as to when this rate environment may shift, investors may need to re-adjust their portfolios accordingly. Edward Jones Senior Investment Strategist Mona Mahajan joins Market Domination Overtime to give insight into how investors should focus their portfolios as the Fed continues to hold rates high and as the market continues to price that in. "We should use periods of volatility as an opportunity to diversify... If last year, 2023, was this year of the Magnificent Seven on one hand and cash and CDs on the otherhand, we think 2024 will eventually be the year of diversification and balanced portfolios. So in equities, we'd say make sure you have exposure, not only to that AI trade because that is a long-term secular theme, but kind of fully valued here. But also to other parts of the market..." 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 Nicholas Jacobino
Yahoo FinanceStock market today: Stocks end mixed in volatile session after Fed decision, Powell comments
Fed day arrives with the focus on what clues Powell will offer to the chances for rate cuts this year.
- Yahoo Finance Video
Market reprices for Fed rate cuts, but has it swung too far?
The Federal Reserve is set to announce its decision on interest rates Wednesday afternoon, so what does this mean for markets? HSBC Global Private Banking Global Chief Investment Officer Willem Sels joins The Morning Brief to discuss the potential market fallout from the Fed's communication. Sels believes that a rate cut announcement is unlikely to follow the conclusion of the Federal Open Market Committee's (FOMC) meeting today. He notes that markets have "completely shifted" from pricing in previous rate cut predictions to expecting just one potential cut. Sels highlights that the only scenario in which the announcement could be perceived as "negative for markets" is if Fed Chair Jerome Powell hints at no rate cuts whatsoever this year. Sels also sheds light on "the other side of the coin" of this higher-for-longer rate environment, suggesting that markets are likely to continue exhibiting strength. He emphasizes that current earnings are driving market performance, describing the strength of earnings as "relatively broad-based." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
