Why a flat day is good for the markets

Stocks taking a breather after a deluge of data, and an oil trade that busted through the $50 barrier today. Plus - the charts don't lie - we reveal a warning sign on the economy that is flashing red. And - will hiking interest rates actually hurt the Fed? We explain. Catch The Final Round at 4p ET with Jen Rogers and markets correspondent Nicole Sinclair.

Winners and losers

Stocks on the move lower today include cloud firm NetApp on a profit and revenue miss, ad tech company Rubicon Project slipping on news its CFO left the company, and WebMD - the health information site dropping after announcing a $300 million convertible bond sale.

Stocks in the green today include troubled retailer Sears Holding on better than expected earnings, Dollar Tree climbing on same-store sales data rising 2.3 percent, and Lionsgate - the studio behind the Hunger Games franchise and TV shows like Nashville surging on a surprise profit beat, and revenue that topped estimates as well.

Warning sign for the economy?

The summer rate hike talk continued today with fresh commentary from the Fed's Jerome Powell, but have persistent *low* rates fueled a growing problem in the US economy? Yahoo Finance's Justine Underhill has more at the charts.

The Fed's rate hike trap

Could raising rates actually put the Fed's balance sheet in a tough spot? Yahoo Finance's Jared Blikre joined The Final Round to discuss the Fed and the consequences of its interest rate policy.

Looking ahead

  • At 8:30a ET we'll get a second reading on GDP for the first quarter. Last month we had an initial reading of 0.5%, with economists looking for that to climb to 0.9%.

  • We'll get a check on the pulse of the consumer with the University of Michigan's consumer sentiment index for May. The consensus estimate is for 95.5, a slight dip from April.

  • Finally - in celebration of the 50th anniversary of their musical sitcom, the Monkees are releasing their first studio album in 20 years with all three surviving band members. The new album, 'Good Times,' will have the voice of the late Davy Jones on one song, and feature tracks written by Rivers Cuomo, Ben Gibbard of Death Cab for Cutie, and musical bad boy himself - Noel Gallagher.

 

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