Straits Times Index
3,314.05 +0.57 (+0.02%) S&P 500
5,308.13 +4.86 (+0.09%) Dow
39,806.77 -196.82 (-0.49%) Nasdaq
16,794.88 +108.91 (+0.65%) Bitcoin USD
69,645.82 +3,381.39 (+5.10%) CMC Crypto 200
1,475.83 +121.42 (+8.95%)
Dow Jones Industrial Average (^DJI)
| Previous close | 40,003.59 |
| Open | 39,989.80 |
| Volume |
| Day's range | 39,787.09 - 40,077.40 |
| 52-week range | 32,327.20 - 40,077.40 |
| Avg. volume | 351,531,451 |
- 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
Investors await Nvidia earnings, commodities on the rise: Morning Brief
On today's episode of The Morning Brief, Yahoo Finance Hosts Seana Smith and Brad Smith break down some of the market's (^DJI, ^IXIC, ^GSPC) biggest stories and give an overview of the trading week ahead. The stock market opened mixed on Monday, with the Dow Jones Industrial Average opening below its recent record high of 40,000. Morgan Stanley's Michael Wilson, previously bearish on S&P 500 growth, is now bullish on the index's potential, revising his target from 4,500 to 5,400. Meanwhile, metal commodities continue to surge after gold (GC=F) and silver futures (SI=F) reached fresh highs last week. BofA Global Research Head of Metals Research Michael Widmer explains that precious metals are in a "buy-the-dip market." Nvidia (NVDA) is set to post its first quarter earnings for the fiscal 2025 year on Wednesday. Moor Insights & Strategy Founder and CEO Patrick Moorhead believes the chip company will outperform expectations, citing increasing demand as the artificial intelligence race heats up. AI is increasingly becoming a trend, as the number of times AI has been mentioned on earnings calls this quarter has notably risen compared to last quarter, according to Goldman Sachs Investment Research. Veteran market strategist and founder of RandyFrederickMedia.com Randy Frederick adds that "AI is going to change things as much as the Internet did when it came about 30, 40 years ago." All eyes are on Paramount (PARA, PARAA) as Sony (SONY) and Apollo Global (APO) have reportedly signed non-disclosure agreements in their latest efforts to court the media giant. On the healthcare front, Hims & Hers Health (HIMS) stock has jumped on the announcement that the telehealth provider will introduce compounding injectable GLP-1 weight-loss drugs to its services. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
- 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
