NASDAQ Composite (^IXIC)
| Previous Close | 13,059.47 |
| Open | 13,092.90 |
| Volume |
| Day's Range | 13,072.51 - 13,258.76 |
| 52 Week Range | 10,088.83 - 14,446.55 |
| Avg. Volume | 4,825,041,250 |
Yahoo FinanceOusting of House Speaker Kevin McCarthy raises chances of government shutdown, Goldman says
Without a Speaker of the House, experts fear Washington's two parties may be far away from a deal, intensifying fears that a government shutdown could shock markets.
- Yahoo Finance Video
Good economic news translating 'into bad market results': Strategist
The U.S. labor market has been constantly at odds with the Fed's monetary policy and goals to contain inflation. "Even by the Fed's own estimates, according to their summary of economic projections, they believe the unemployment rate's going to increase to 4.1% by the end of this year," Hennion & Walsh CIO Kevin Mahn tells Yahoo Finance Live, breaking down the economic trade-offs resulting from the Fed's "higher for longer" interest rate projections. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Yahoo Finance Video
Interest rates, slowing growth a 'dangerous cocktail' for risk assets
Investors are eagerly jumping into the "higher for longer" trade, prepared for interest rates to remain elevated in the long run, while others remain wary over the pain this could cause in case of an economic slowdown. "The bond market is now testing the hypothesis that the economy can handle higher rates," The Macro Compass Founder Alfonso Peccatiello tells Yahoo Finance from the New York Stock Exchange. "When long-end rates go higher while nominal growth is slowing down late in the cycle, it's a very dangerous cocktail for risk assets," Peccatiello states, while also commenting on historical rally trends investors should be attentive to. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
