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NASDAQ Composite (^IXIC)
| Previous close | 16,698.32 |
| Open | 16,708.50 |
| Volume |
| Day's range | 16,613.84 - 16,726.41 |
| 52-week range | 12,415.85 - 16,797.83 |
| Avg. volume | 5,358,280,317 |
- Yahoo Finance Video
Dow Jones crosses 40,000, commodities demand rises: Market Domination Overtime
On today's episode of Market Domination Overtime, Yahoo Finance hosts Julie Hyman and Josh Lipton break down the market close and the day's biggest stories. The Dow Jones (^DJI) closed higher for the fifth week straight, at a record 40,000. Meanwhile, the Nasdaq Composite (^IXIC) dipped 0.07% and the S&P 500 (^GSPC) held above its 5,300 benchmark. Hennessy Funds CIO and Portfolio Manager Ryan Kelley and RBC Capital Markets US Economist Michael Reid break down what the Dow Jones record could signal for the overall economy as interest rates remain relatively high. Commodities like Copper (HG=F) and Silver (SI=F) have reached new heights as demand increases. Bloomberg Intelligence Senior Commodities Strategist Mike McGlone gives key insights into the surge of metals and how China plays a critical role. Outgoing Boeing (BA) CEO Dave Calhoun will remain on the company’s board following a shareholder vote. Boeing will seek a new CEO to help the company recover from the two fatal 737 MAX crashes and the detached fuselage on an Alaska Airlines flight. The company is also facing potential prosecution from the Justice Department for violating an agreement reached to avoid criminal charges over the 737 MAX crashes. Finally, Julie Hyman and Josh Lipton break down what investors should watch next week, from Nvidia (NVDA) earnings to the Federal Reserve's May FOMC minutes. This post was written by Melanie Riehl
- Yahoo Finance Video
Why these mid-caps are the place to invest: Strategist
The Dow Jones (^DJI) closed higher for the fifth week in a row, this time above 40,000. Hennessy Funds CIO and Portfolio Manager Ryan Kelley and RBC Capital Markets US Economist Michael Reid join Market Domination Overtime to discuss what it could signal for the overall state of the economy. Kelley believes the record high is fueled by anticipation of the Federal Reserve lowering interest rates, as well as easing concerns of a recession. Reid says that the economy is experiencing several tailwinds as retirement portfolios increase in value and Baby Boomers start to use those assets. Higher interest rates are also boosting the overall wealth of higher-income individuals and HVAC and building companies. 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
Barrons.comThe Dow Closes Above 40,000
The Dow closed above 40,000, passing a long-anticipated benchmark in the last minutes of trading. The tech-heavy Nasdaq Composite was down 0.1%. Other than a late surge in the Dow, it was an uneventful session.
