I:RUT Dec 2024 2350.000 put
- Yahoo Finance Video
Stocks: Nasdaq secures record close, Dow lags below 40,000
The Nasdaq Composite (^IXIC) rose by 108 points to reach a record close: 16,794. The Dow Jones Industrial Average (^DJI) closes below 40,000, falling 0.49%. Market Domination Overtime's Julie Hyman and Jared Blikre take a look at the day's market performances and sector winners. 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
Small-caps stocks may benefit most from Nvidia market rally
Markets have been on a remarkable rally, with the Dow Jones Industrial Average (^DJI) surpassing the 40,000 mark for the first time ever last week. However, markets seem to be taking a breather ahead of Nvidia's (NVDA) much-anticipated fiscal first-quarter earnings results, expected on Wednesday, May 22. First Franklin Financial Chief Market Strategist Brett Ewing joins Catalysts to discuss how investors should navigate markets (^IXIC, ^GSPC) around certain driver events. Ewing acknowledges that Nvidia's results "will play an important role" in shaping market sentiment in the short term. However, he emphasizes that the AI trend "is longer-term," suggesting that regardless of how Nvidia's results impact the market, "it will likely recover." Additionally, Ewing notes that historically, markets tend to exhibit positive performance during election years. Despite the anticipation surrounding Nvidia's earnings, Ewing believes "we have a lot of positive tailwinds" that could contribute to market growth. He advises investors to explore opportunities in small and mid-cap stocks, which he believes could see "upside of over 40 to 60 percent over the next eighteen months." Ewing points to the Russell 2000 index (^RUT), which has been stuck in a cycle, noting "the longer they stay in the more powerful the breakout can be." When asked about how he believes a Federal Reserve rate decision will affect market dynamics, Ewing responds, "I believe that a lot of that has already been priced in, and looking forward, the market is looking at rate cuts, and I think that's what the sentiment should be." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
- Associated Press Finance
How major US stock indexes fared Monday, 5/20/2024
U.S. stock indexes drifted to a mixed finish after a quiet day of trading, and the Nasdaq composite rose to another record. The Russell 2000 index of smaller companies rose 6.78 points, or 0.3%, to 2,102.50.
