Advertisement
U.S. markets closed

S&P 500 (^GSPC)

SNP - SNP Real Time Price. Currency in USD
5,123.41-75.65 (-1.46%)
At close: 05:21PM EDT
Full screen
Previous Close5,199.06
Open5,171.51
Volume2,409,339,000
Day's Range5,107.94 - 5,175.03
52 Week Range4,048.28 - 5,264.85
Avg. Volume4,084,017,580
  • Yahoo Finance Video

    Markets are 'aimless' amid rate cut uncertainty: Strategist

    Stocks have had a volatile week, with markets fluctuating on hot inflation prints and rate cut outlook adjustments. Prime Capital Investment Advisors Director of Investments Will McGough and Ziegler Capital Management CIO and Senior Portfolio Manager Dan Skubiz join Market Domination to discuss their market outlooks as earnings season begins. McGough explains that markets are currently focused on earnings growth rather than multiples expansion. He notes that valuation multiples are in the low twenties, leaving limited room for further expansion. To drive market growth, McGough emphasizes that earnings growth "needs to come through" this earnings season. Skubiz attributes the market's weakness to uncertainty surrounding the Federal Reserve's monetary policy path. He observes "choppy trading" since the hot March CPI print, which casts further doubt on the rate cut outlook, leaving the market "aimless right now." Both experts believe small-cap stocks have potential upside. Skubiz acknowledges that large-caps have been outperforming small-caps, but still sees "a space for small-caps." McGough agrees, noting that small-caps "look attractive from a valuation standpoint." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith

  • Yahoo Finance Video

    Stocks sink, Dow closes over 470 points lower on Friday

    US equity markets (^DJI, ^IXIC, ^GSPC) sink lower to end Friday's session, closing the trading week lower for the second consecutive week. The Dow Jones Industrial Average fell by over 400 points, the second time this week. Yahoo Finance's Jared Blikre reviews the intraday market action, eyeing market volatility (^VIX) and sector losses at the end of the trading day. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.

  • Yahoo Finance Video

    Consumer credit signals 'outright weakness,' spending may drop

    Stocks are facing pressure as the markets digest the disappointing earnings reports from major banks, including JPMorgan (JPM), Citigroup (C), and Wells Fargo (WFC). NewEdge Wealth Chief Investment Officer Cameron Dawson joins Yahoo Finance to discuss the market outlook. Dawson notes that she is closely following bank discussions about credit health for both consumers and corporations — in other words, how end customers are dealing with a higher-for-longer environment. Despite bank conversation about post-pandemic normalization, Dawson questions whether new levels of delinquency and higher balances compared to disposable income actually represent "outright weakness" in credit. Dawson acknowledges that consumers have been able to "keep on spending" despite higher interest rates. However, she points out that other factors, such as rising debt levels and flatlining wage growth, could start to impact consumer spending going forward. Regarding recession fears, Dawson indicates that GDP growth estimates will be a key data point to monitor. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post is written by Angel Smith