Previous close | 16,156.33 |
Open | 16,208.50 |
Volume |
Day's range | 16,197.86 - 16,350.08 |
52-week range | 12,174.06 - 16,538.86 |
Avg. volume | 5,195,790,000 |
Stocks (^GSPC, ^DJI, ^IXIC) closed Monday's trading session on a positive note, with the S&P 500 (^GSPC) experiencing its strongest three-day rally so far in 2024. Yahoo Finance's Josh Schafer breaks down the top takeaways from the trading day. He highlights how relatively quiet weeks for economic data releases help bolster market sentiment. 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 Angel Smith
Stocks rallied at the end of last week, getting a boost from a "Goldilocks" jobs report.
A gauge of global stock markets rallied on Monday on optimism that major central banks will cut interest rates this year, while the yen weakened against the dollar after a surge last week from Japan's suspected currency intervention. Stocks on both sides of the Atlantic advanced, and in Asia too, as a softer-than-expected U.S. labor market report on Friday led traders to revive bets that the Federal Reserve would ease monetary policy as early as September. The dollar index, a measure of the U.S. currency against six major trading peers, was lower for a fourth straight session after Friday's data showed the lowest jobs gain since October calmed any angst that the Fed might even hike again.