Stocks traded higher Friday in another record-setting day on Wall Street, with a batch of stronger-than-expected economic data and corporate earnings results helping fuel a risk rally. The S&P 500 and Dow each rallied to record levels, with the latter extending gains well beyond the 34,000 level. The Nasdaq ended a choppy session slightly higher, with technology stocks steadying after recent gains. Chief US Economist at UBS, Seth Carpenter, and Columbia Threadneedle Investments Global Head of Fixed Income, Gene Tannuzzo, joined Yahoo Finance Live to discuss.
Tom Essaye, Founder and President of Sevens Report Research, joins Yahoo Finance’s Kristin Myers and Alexis Christoforous to discuss market outlook, bank earnings, and the latest economic data.
U.S. technology and growth stocks have taken the market's reins in recent weeks, pausing a rotation into value shares as investors assess the trajectory of bond yields and upcoming earnings reports. Technology has been the top-performing S&P 500 sector in April, rising 8% versus a 5% rise for the benchmark index. Big tech-related growth stocks in other S&P 500 sectors such as Amazon Inc, Tesla Inc and Google-parent Alphabet Inc have also charged higher.