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S&P 500 (^GSPC)
| Previous close | 5,018.39 |
| Open | 5,049.32 |
| Volume |
| Day's range | 5,011.05 - 5,073.21 |
| 52-week range | 4,048.28 - 5,264.85 |
| Avg. volume | 4,037,661,311 |
- Yahoo Finance Video
Fed's messaging unleashed significant tailwinds: Apollo's Sløk
Federal Reserve officials are holding interest rates higher for yet another month as Fed Chair Jerome Powell is prioritizing easing inflation data over possible rate cuts. Apollo Global Management Chief Economist Torsten Sløk — who was one of the earliest on Wall Street to believe the Fed wasn't going to cut rates at all this year — joins Market Domination to discuss what the Fed's latest monetary policy is signaling about the rate environment. "I don't think this was their intention, I think that they just looked very innocently at the dual mandate that they had been given by Congress — inflation should be 2%, we should have full employment — and they said... maybe we don't need to have interest rates so high anymore," Sløk says about the Fed's messaging. "What they didn't recognize, and maybe only realized later, was that when you, after several years of having said interest rates are going up, up, up, you did not have many IPOs, you did not have much M&A activity. So as a result of that, that has now been unleashed and that is, as we speak, creating much more activity in capital markets, much more consumer spending... because we now have a significant tailwind because of that signal change." Sløk goes on to estimate the chances of a rate cut to occur this year and how these economic uncertainties are manifesting in equity markets (^DJI, ^IXIC, ^GSPC), even small-cap stocks in the Russell 2000 (^RUT). Disclosure: Apollo Global Management is the parent company of Yahoo and Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Stocks jump, close higher coming off of Fed's rate hold
US stocks pop Thursday as market indices (^DJI, ^IXIC, ^GSPC) close the session higher, the Dow Jones Industrial Average rising by 323 points and the Nasdaq Composite up by 1.51%. Market Domination Overtime Anchor Julie Hyman reviews the day's market performance after the Federal Reserve announced it will be holding interest rates steady yesterday. 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
Labor market, Q1 earnings: Stocks in Translation
The labor market is displaying conflicting signals, with job openings showing signs of loosening while wage growth remains robust. This dynamic raises important questions about inflationary pressures moving forward. Meanwhile, earnings season is in full swing, and the markets are closely watching the financial reports of companies, especially the influential tech giants. With 174 S&P 500 (^GSPC) companies set to unveil their first quarter results this week, their performances could either sustain or disrupt current market momentum. Adding to the mix is the Treasury Borrowing Advisory Committee (TBAC), which has come into focus as the US government borrows more than expected. On today's edition of Stocks In Translation, Yahoo Finance Markets Reporter Jared Blikre is joined by Threadneedle Ventures Founder Ann Berry and Macro Institute Chief Investment Strategist Brian Nick. Together, they will dissect the labor market data's impact on Federal Reserve interest rate decisions, analyze how first quarter earnings are shaping market sentiment, and explain what exactly TBAC does. 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
