NASDAQ Composite (^IXIC)
| Previous Close | 13,469.13 |
| Open | 13,328.10 |
| Volume |
| Day's Range | 13,269.12 - 13,362.23 |
| 52 Week Range | 10,088.83 - 14,446.55 |
| Avg. Volume | 4,841,699,206 |
- Yahoo Finance Video
KB Home, Marvell chips, CrowdStrike: Top Stocks
Stocks are trading lower the morning after the Federal Reserve’s decision to hold rates steady at its September meeting. KB Home (KBH) shares dip in the early trading session despite the company’s third-quarter earnings beating estimates and raising its full-year outlook. Marvell Technology (MRVL) shares are trading slightly higher amid reports that the company could replace Broadcom (AVGO) as Google’s (GOOG, GOOGL) key AI chip supplier. CrowdStrike (CRWD) shares are trading in the green after the company announced it is raising its subscription gross margins target while increasing its operating margin target. Yahoo Finance’s Brad Smith and Seana Smith take a look at some of the trending stocks of the day. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Yahoo Finance Video
Fed most worried about wage price spiral alongside inflation
Federal Reserve regulators opted to pause interest rates while continuing to keep a close on forthcoming economic data, such as unemployment and wages. Northwestern Mutual Wealth Management Company CIO Brent Schutte comments on Fed Chair Jerome Powell's statement, how the Fed will be approaching labor market data, and recession risk amid inflation. "I actually agree with Chair Powell — the base case is not a soft landing even though the numbers they put out today look like a soft landing," Schutte says on the Fed's economic balancing act. "I don't think people spend enough time in the labor market, which is too tight according to Chair Powell. To me, that means wages are too strong, and wages running at 4.5% as he said in the last press conference are not consistent with 2% inflation." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Yahoo Finance Video
Stocks are 'priced for perfection': Portfolio manager
The "magnificent seven" have powered the stock market's gains this year. Brandywine Global Portfolio Manager John McClain tells Yahoo Finance Live those stocks have been driven by AI and China relations. "If either one of those things start to cool a bit, you will see a meaningful pullback," McClain says. Watch the video above to find out why McClain says stocks are currently "priced for perfection." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
