S&P Futures
4,561.75 -14.75 (-0.32%) Dow Futures
36,178.00 -90.00 (-0.25%) Nasdaq Futures
15,794.50 -74.50 (-0.47%) Russell 2000 Futures
1,883.60 -1.30 (-0.07%) Crude Oil
72.91 -0.13 (-0.18%) Gold
2,042.40 +0.20 (+0.01%)
Dow Jones Industrial Average (^DJI)
| Previous Close | 36,245.50 |
| Open | 36,089.38 |
| Volume |
| Day's Range | 36,029.70 - 36,236.80 |
| 52 Week Range | 31,429.82 - 36,264.85 |
| Avg. Volume | 305,273,650 |
- Yahoo Finance Video
Why the S&P 500 can easily get over 5000 points: Strategist
Wall Street analysts have very different outlooks for the S&P 500 (^GSPC) next year, with some firms indicating it will reach 5000 and above while other feel it will stay under 5000. With so much economic uncertainty heading into next year, it's hard to wade through all of the analysis. Lori Calvasina, RBC Capital Markets Head of US Equity Strategy, joins Yahoo Finance to discuss her outlook and help digest some of the data going into her prediction. Calvasina outlines how she got to her prediction: "The moderation in inflation can push the PE multiple up above 20 times. I see a lot of people who are using 18 times... If you take the math, and I think our model spits out 23 times for the end of next year, take it against our earnings forecast for next year, we actually think, on a bull case scenario, you could get all the way up to 5300 on the S&P and the multiple would be defensible. That is probably... the most interesting conversation I have with clients right now." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Yahoo Finance Video
Investors uneasy as Fed signals no rate cuts soon
Stocks (^DJI, ^GSPC, ^IXIC) are falling Monday morning as investors grow concerned that the Federal Reserve may not cut interest rates as soon as expected. Falling inflation and a slowing economy had led some on Wall Street to anticipate rate cuts potentially beginning in March 2024. However, recent comments from Fed officials have dampened hopes for an imminent policy pivot. Yahoo Finance's Jennifer Schonberger analyzes the latest outlook from the Fed regarding monetary tightening, examining whether the central bank is likely to reverse course and begin lowering rates within the next year, or if further tightening is still on the agenda. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
TheStreet.comStock Market Today: Stocks lower on China-rating risk, soft-landing doubts
November euphoria gives way to December doubts as China risks and doubts about a soft landing for the economy test prospects for a year-end rally.
