Previous Close | 5,248.49 |
Open | 5,248.03 |
Volume |
Day's Range | 5,245.82 - 5,264.85 |
52 Week Range | 4,048.28 - 5,264.85 |
Avg. Volume | 4,100,070,819 |
For Tesla, a combination of poor guidance, a tough selling environment in China, and more drama from CEO Elon Musk led the EV maker — which topped $750 billion in market cap to start the year — to shed over $200 billion since Jan. 1.
Stock market indexes (^DJI, ^IXIC, ^GSPC) are mixed as they close the curtain on the first quarter of 2024. The Dow Jones Industrial Average holds above the day's flatline, the S&P 500 pulls off yet another record high, as the Nasdaq Composite closes lower. Yahoo Finance Markets Reporter Jared Blikre gives a detailed break down of the days's market action and year-to-date sector leaders. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. Editor's note: This article was written by Luke Carberry Mogan.
Stocks (^GSPC, ^IXIC, ^DJI) are trading higher after consumer sentiment and pending home sales data came in better-than-expected. BlackRock Senior Macro Investment Strategist for iShares EMEA Laura Cooper joins Yahoo Finance Live to discuss what this means for markets. Cooper calls the data "good news," saying it shows continued strength in the economy. She highlights that the commentary out of the Federal Reserve has pointed to the fact that officials are "willing to live with a higher degree of inflation," but that hasn't deterred them from a possible easing cycle— though strong data could prompt a delay. Cooper suggests that if no interest rate cut materializes in June, there could be "a knee-jerk reaction" in markets that slows down equities' momentum. Cooper also emphasizes that the market is being driven by "relatively strong fundamentals," which still bodes well for the equity market. Regarding inflation, Cooper notes that the data so far shows it is hotter-than-expected. However, in light of the PCE print set to be released on Friday — expected to be cooler than anticipated— she states that there needs to be a slew of prints that indicate slowing inflation for the Fed to be "comfortable" enough to cut rates. 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