I:RUT Dec 2024 2450.000 call
- Yahoo Finance Video
Fed rate signals unleashed significant tailwinds: Apollo's Sløk
Federal Reserve officials are holding interest rates higher for yet another month as Fed Chair Jerome Powell is prioritizing easing inflation data over possible rate cuts. Apollo Global Management Chief Economist Torsten Sløk — who was one of the earliest on Wall Street to believe the Fed wasn't going to cut rates at all this year — joins Market Domination to discuss what the Fed's latest monetary policy is signaling about the rate environment. "I don't think this was their intention, I think that they just looked very innocently at the dual mandate that they had been given by Congress — inflation should be 2%, we should have full employment — and they said... maybe we don't need to have interest rates so high anymore," Sløk says about the Fed's messaging. "What they didn't recognize, and maybe only realized later, was that when you, after several years of having said interest rates are going up, up, up, you did not have many IPOs, you did not have much M&A activity.;; So as a result of that, that has now been unleashed and that is, as we speak, creating much more activity in capital markets, much more consumer spending... because we now have a significant tailwind because of that signal change." Sløk goes on to estimate the chances of a rate cut to occur this year and how these economic uncertainties are manifesting in equity markets (^DJI, ^IXIC, ^GSPC), even small-cap stocks in the Russell 2000 (^RUT). Disclosure: Apollo Global Management is the parent company of Yahoo and Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Stocks eye rate hike chances, Treasury yields: Top Takeaways
US equities (^GSPC, ^DJI, ^IXIC) closed Thursday higher after a sluggish April session. The S&P 500 managed to end the day higher for the first time in three sessions. The market is seemingly pricing in Federal Reserve Chair Jerome Powell's comments over the improbability of rate hikes. Yahoo Finance Markets Reporter Josh Schafer joins Market Domination Overtime to discuss the top takeaways for the trading day on May 2. 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
- Associated Press Finance
How major US stock indexes fared Thursday, 5/2/2024
The S&P 500 climbed 0.9% Thursday, a day after swinging sharply when the Federal Reserve said it’s likely delaying cuts to interest rates. The Dow Jones Industrial Average also rose 0.9%, and the Nasdaq composite added 1.5%. The Nasdaq composite rose 235.48 points, or 1.5%, to 15,840.96.
