Straits Times Index
3,303.19 +10.26 (+0.31%) S&P 500
5,180.74 +52.95 (+1.03%) Dow
38,852.27 +176.59 (+0.46%) Nasdaq
16,349.25 +192.92 (+1.19%) Bitcoin USD
63,193.26 -807.03 (-1.26%) CMC Crypto 200
1,364.12 +51.49 (+3.92%)
S&P 500 (^GSPC)
- Yahoo Finance
Tyson shares close lower as pinched consumers get choosy about meat
Tyson Foods expect sales to remain flat in 2024 as consumers seek value and trade between channels.
- Yahoo Finance Video
Stocks close higher around rate cut optimism
The three major stock market indexes (^DJI, ^IXIC, ^GSPC) lead the way for May gains, all closing higher for the third consecutive session (the Dow Jones Industrial Average's fourth green day) since the Federal Reserve's decision to hold interest rates. Market Domination Overtime Host Julie Hyman reports on Monday's market action while Jared Blikre reviews the day's gains across sectors and in Nasdaq 100 (^NDX) tech leaders 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
How a higher-for-longer environment could benefit retirees
The recent April jobs report was weaker-than-expected, signaling a slowdown in the labor market. To discuss how the data could impact inflation and to offer guidance for retirees navigating this environment, Pointwealth Capital Management CEO and Founder Sandra Cho joins Wealth! Cho states that while it "would be wonderful" if the recent jobs report contributed to lowering inflation, she views this scenario as unlikely, with inflationary pressures stubbornly persistent. The Pointwealth founder suggests that if the slowdown in the labor market continues, it could indicate a reduction in the number of employed individuals, leading to "less people to buy things." This dynamic could prompt consumers to become more price-conscious, potentially easing pressure on prices — a scenario that "bodes well" for a potential Federal Reserve rate cut. Amid these economic conditions, Cho highlights a potential silver lining for retirees. She notes that individuals are "finally getting a decent yield in bonds," which can benefit their retirement portfolios. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
