Straits Times Index
3,176.51 -11.15 (-0.35%) Nikkei
37,068.35 -1,011.35 (-2.66%) Hang Seng
16,224.14 -161.73 (-0.99%) FTSE 100
7,840.70 -36.35 (-0.46%) Bitcoin USD
64,951.61 +3,341.20 (+5.42%) CMC Crypto 200
1,335.66 +23.04 (+1.79%)
NASDAQ Composite (^IXIC)
| Previous close | 15,683.37 |
| Open | 15,705.70 |
| Volume |
| Day's range | 15,587.50 - 15,786.12 |
| 52-week range | 11,798.77 - 16,538.86 |
| Avg. volume | 5,200,640,161 |
Yahoo FinanceOne of Wall Street's favorite calls to start 2024 has flopped
Wall Street strategists are becoming less confident in small cap stocks as Fed rate cut hopes diminish.
Yahoo FinanceStock market today: S&P 500 slides for 5th straight day
Investors are counting down to earnings from Netflix, the first of the "Magnificent" group of companies to report.
- Yahoo Finance Video
Big banks push rate cut forecasts further
Stocks (^DJI,^GSPC, ^IXIC) opened mixed on Thursday morning as investors begin to price in the idea of interest rate cuts from the Federal Reserve not happening until after June. The Fed continues to affirm that rate cuts won't come until inflation is much closer to that target date, a point reiterated by Bank of America CEO Brian Moynihan, who spoke to Yahoo Finance Executive Editor Brian Sozzi about potential policy decisions from the Fed. Due to this current stance, many of the big banks have adjusted their rate cut forecasts to later in the year, including Bank of America, which has pushed back its forecast to December of this year. Yahoo Finance Reporter Josh Schafer joins The Morning Brief to break down the adjusted forecasts for a rate cut and how this will impact the market . For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
