NASDAQ 100 (^NDX)
| Previous Close | 15,947.87 |
| Open | 15,892.60 |
| Volume |
| Day's Range | 15,834.93 - 16,013.75 |
| 52 Week Range | 10,671.19 - 16,166.51 |
| Avg. Volume | 4,587,045,322 |
- Yahoo Finance Video
Stocks close November higher after strong rally
November has come and gone but the equity gains may be here to stay. Yahoo Finance Markets Reporter Jared Blikre examines market indexes (^GSPC, ^DJI, ^IXIC) as an early Santa Claus rally pushes nearly all sectors higher to close out the month. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Yahoo Finance Video
2024 election is 'not a reason to be worried' for markets
Carson Group Chief Market Strategist Ryan Detrick foresees a rally in bond and equity markets despite economic uncertainties. With the snapback off correction lows, Detrick notes broad participation as productivity strengthens, jobs growth persists, and earnings forecasts brighten for 2024. Though admitting all is not perfect, Detrick’s bullish posture stays intact with an "Overweight" stance on stocks amid no signs of imminent recession risks in areas like small caps — which he believes is favorable for investors. If the Fed pivots dovishly, Detrick expects smaller companies to outperform as valuations grow increasingly attractive relative to lagging defensive sectors like consumer staples, utilities, and real estate. As the 2024 presidential election approaches, Detrick does believe slight market changes will occur across policies, Federal Reserve decisions, and other factors. However, Detrick believes political shifts alone seem unlikely to derail markets. "There's a lot of other factors, we're aware of that," Detrick tells Yahoo Finance, adding: "But when the fundamentals are there, it is what it is." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Yahoo Finance Video
Equity inflows feeling like 'renewed outbreak of nihilism'
More Wall Street strategists are getting increasingly bullish on the stock market with S&P 500 (^GSPC) point targets of 5,000 in 2024. Simplify Asset Management Chief Strategist Michael Green tells Yahoo Finance that inflows into equity assets don't "feel like a renewed outbreak of optimism" as traders become overinvested to cover short positions. "Most people that are in this situation will acknowledge that a lot of this is simply a function of mechanical flows that are either occurring due to passive investments or systematic and algorithmically-driven strategies — there's very little thought that seems to be going in," Green explains. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
