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NASDAQ Composite (^IXIC)
| Previous close | 16,742.39 |
| Open | 16,738.10 |
| Volume |
| Day's range | 16,707.23 - 16,797.83 |
| 52-week range | 12,415.85 - 16,797.83 |
| Avg. volume | 5,181,176,721 |
Yahoo FinanceStock market today: Dow touches 40,000 as stocks hover at record highs
Signs inflation continues to cool is pushing stocks to record highs, with the Dow crossing 40,000 for the first time ever on Thursday.
- Yahoo Finance Video
Why Q1 beats are not 'good enough' to drive market gains
Stocks (^GSPC, ^IXIC, ^DJI) experienced a significant surge following the release of the April Consumer Price Index (CPI) data, which showed signs of cooling inflation, boosting hopes for potential rate cuts. To share insight into market outlooks amid the new data, Charles Schwab Senior Investment Strategist Kevin Gordon joins The Morning Brief. Gordon emphasizes that there are two crucial aspects investors should understand. While investors attribute market gains to the ongoing first quarter earnings season, Gordon considers the broader picture: "When you look at the data, and you look at the outperformance for companies relative to the S&P, or whatever benchmark, even when they're beating earnings, there hasn't been outperformance; you've actually seen an average decline." Secondly, Gordon advises investors not to "put so much focus on the Fed cutting being necessarily a bullish or a bearish thing for the market." He suggests that what's more important is the reason behind the Fed's decision to cut rates, as that will have a more significant impact on market dynamics. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Yahoo Finance Video
Investor sentiment: What Investopedia's 'Anxiety Index' reveals
With uncertainty in the market, Yahoo Finance checks the temperature on what Investopedia Editor-in-Chief Caleb Silver calls investors' "cautious optimism." Silver joins Yahoo Finance to discuss what is currently worrying investors, from inflation to the US presidential election. Silver says that meme stocks are also on investors' minds, but highlights a key difference between 2021 and the current meme trade: "Difference between now and 2021, higher interest rates, right? The difference between now and back then — there wasn't any sports or not a lot of sports or not a lot of sports betting. We're in the midst of the playoffs right now. We've got golf tournaments happening. There's a ton of sports betting going on right now, and I think a lot of these people that like to day trade and play the options game and play the zero days to even futures, I think a lot of them have the, the propensity for sports gambling as well." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino
