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- Yahoo Finance Video
Market: Why investors should be optimistic about the economy
The major indexes (^DJI,^GSPC, ^IXIC) closed Wednesday's session in the green after facing some pressure in the trading week. Fundstrat Global Advisors Managing Director & Global Head of Technical Strategy Mark Newton joins Market Domination Overtime to discuss major market trends forming around the tech-heavy S&P 500 and the Federal Reserve's interest rate narrative. Newton believes there are "a lot of reasons to be constructive about the market," going on to explain: "We're heading into a very bullish time of seasonality in election years. July tends to be very, very good, similar to June. I think a lot of investors remain worried about geopolitical risk, about political risk and the fear of growth slowdowns. But the bottom line is, technically, we have over 70% of all Russell 3000 (^RUA) stocks above their 200-day moving averages. That's actually a much healthier sign." He also anticipates rates will fall along with the dollar: "I do sense that the data is going to continue to get weaker along the fringes. Inflation should start to fall like a rock. So despite the fact that gas (RB=F) and food prices are high for everybody, you have been seeing some evidence of broad-based inflation starting to come down. And I think that's going to be encouraging, not because a weak economy means stocks are good, more that the Fed's rate cut view will come back into line. And we'll have a little bit more clarity as to when they start cutting rates." 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 Melanie Riehl
- Yahoo Finance Video
The S&P 500 and Nvidia, Chipotle stock split: Morning Brief
It's the middle of the week, but stocks aren't slowing down. The Morning Brief keeps investors informed on the latest market (^DJI, ^IXIC, ^GSPC) movements and top industry stories to start the trading day off right, hosted by Seana Smith and Brad Smith. In today's episode, Stifel Chief Equity Strategist Barry Bannister weighs in on Nvidia's (NVDA) broader market influence on tech-heavy indices like the S&P 500. CFRA Research Energy Equity Analyst and Deputy Research Director Stewart Glickman also comes on to discuss FedEx (FDX) fourth-quarter earnings. Other top trending stocks in Yahoo Finance's purview for this morning include Chipotle Mexican Grill (CMG) after its 50-for-1 stock split takes effect and begins trading at an adjusted price; Rivian (RIVN) after Volkswagen (VOW3.DE, VWAGY) announces its willingness to invest up to $5 billion in a joint EV software venture; and Southwest Airlines (LUV) as it slashes its full-year revenue guidance. This post was written by Luke Carberry Mogan.
- Associated Press Finance
How major US stock indexes fared Wednesday, 6/26/2024
The Nasdaq composite rose 0.5%, and the Dow Jones Industrial Average edged up less than 0.1%. The Nasdaq composite rose 87.50 points, or 0.5%, to 17,805.16. The Russell 2000 index of smaller companies fell 4.23 points, or 0.2%, to 2,018.12.
