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NASDAQ Composite (^IXIC)

Nasdaq GIDS - Nasdaq GIDS Real-time price. Currency in USD
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  • Yahoo Finance Video

    Treasury yields climb ahead of Fed meeting. Here's why.

    Treasury yields are trending higher as investors brace themselves for the Federal Reserve's highly anticipated decision on Wednesday. To shed light on the factors driving this yield movement, Truist's Managing Director of Fixed Income Chip Hughey joins Yahoo Finance Live. Hughey attributes the rise in yields to three factors: the continued stickiness in inflation data, the Fed's likelihood to maintain a "higher-for-longer" stance, and strong Treasury issuance. However, he notes that "the biggest factor for yields" has been the market's pricing of six to seven rate cuts, which has now been revised to below three, resulting in "big implications on the yield curve." Hughey believes the Fed could initiate rate cuts mid-year when they have a "sufficient" amount of evidence of cooling inflation. Although he acknowledges the increasing probability of zero cuts occurring in 2024, he does not believe that scenario will materialize, stating that despite "a bumpy path," the Fed "will see that inflation is cooling." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

  • Yahoo Finance Video

    Don't start putting new money into the market now: Strategist

    Is a bubble forming around the stock market (^DJI, ^IXIC, ^GSPC)? And if so, is it about to burst? B. Riley Wealth Management Chief Investment Strategist Paul Dietrich sits down with Yahoo Finance to discuss whether certain sectors of the market are becoming overvalued and if the equity market is edging closer to correction territory. "I'm sure that every analyst... is looking at all the different valuation methodologies, and they've got to come to the same conclusion because there's no ambiguity here," Dietrich says about the probability of a market bubble. "It is bizarrely overvalued in most of these things. And so, you're seeing the smart money right now moving massive amounts into cash." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.

  • Associated Press

    Stock market today: Asian shares are mixed after Bank of Japan ups key rate for 1st time in 17 years

    Shares were mixed in Asia on Tuesday after the Bank of Japan hiked its benchmark interest rate for the first time in 17 years, ending a longstanding negative rate policy at odds with the stances of most central banks. In a widely anticipated move, the BOJ raised its overnight call rate to a range of 0 to 0.1%, up from minus 0.1%. It said that wage increases and other indicators suggested that inflation had stabilized above the BOJ's 2% target, but noted “extremely high uncertainties,” including weakness in industrial production, exports, housing investment and government spending.