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NASDAQ Composite (^IXIC)
| Previous close | 13,092.85 |
| Open | 13,043.40 |
| Volume |
| Day's range | 13,025.11 - 13,270.97 |
| 52-week range | 10,088.83 - 14,446.55 |
| Avg. volume | 4,795,809,032 |
- Yahoo Finance Video
U.S. economy's resiliency being set up to 'fade' in H2 2023: Economist
The U.S. economy is facing challenges from several headline events — including an imminent government shutdown and labor and energy pressures — while still facing down a possible recession. PIMCO Managing Director and Economist Tiffany Wilding joins Yahoo Finance Live to discuss the U.S. economy's outlook amid the multitude of headwinds. "The United States core PCE inflation was actually around 6% when the Fed started hiking interest rates," Wilding explains. "Looking back in time, when you've had rate hiking cycles that have started like that... it doesn't tend to end with the economy expanding — it tends to end unfortunately in some sort of recession. Now that recession could be mild." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Yahoo Finance Video
Speaker McCarthy denies stopgap bill: What it means for a govt. shutdown?
House Speaker Kevin McCarthy (R-Ca.) has raised the probability of a government shutdown by turning down the Senate's bipartisan stopgap spending bill. McCarthy is still trying to get holdouts within the House GOP on board with his own spending proposal. If funding lapses, the effects could include passport processing delays, federal employee furloughs, and the U.S. military not getting paid. The risks of a shutdown received little attention during Wednesday's Republican GOP debate, prompting criticism from former Congressional Budget Office Director Doug Holtz-Eakin that the contenders showed little "concern" for the issue. "I did not hear a great concern about the shutdown," Holtz-Eakin tells Yahoo Finance adding, "I think the biggest reason to be concerned is this reinforces the view of the Fitch [credit rating] agency and others that the U.S. does not have the capability of managing it's finances and that's not the message you want to send the global capital markets." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Yahoo Finance UKLIVE: FTSE and European markets rise as eurozone inflation falls to lowest in two years
The FTSE 100 rose on Friday morning after data showed the UK economy grew 0.2% in the second quarter.
