Silver Jul 24 (SI=F)
| Pre. Settlement | N/A |
| Settlement date | 2024-07-29 |
| Open | 29.825 |
| Bid | 31.765 |
| Last price | 29.876 |
| Day's range | 29.700 - 31.850 |
| Volume | |
| Ask | 31.775 |
- Yahoo Finance Video
Dow Jones crosses 40,000, commodities demand rises: Market Domination Overtime
On today's episode of Market Domination Overtime, Yahoo Finance hosts Julie Hyman and Josh Lipton break down the market close and the day's biggest stories. The Dow Jones (^DJI) closed higher for the fifth week straight, at a record 40,000. Meanwhile, the Nasdaq Composite (^IXIC) dipped 0.07% and the S&P 500 (^GSPC) held above its 5,300 benchmark. Hennessy Funds CIO and Portfolio Manager Ryan Kelley and RBC Capital Markets US Economist Michael Reid break down what the Dow Jones record could signal for the overall economy as interest rates remain relatively high. Commodities like Copper (HG=F) and Silver (SI=F) have reached new heights as demand increases. Bloomberg Intelligence Senior Commodities Strategist Mike McGlone gives key insights into the surge of metals and how China plays a critical role. Outgoing Boeing (BA) CEO Dave Calhoun will remain on the company’s board following a shareholder vote. Boeing will seek a new CEO to help the company recover from the two fatal 737 MAX crashes and the detached fuselage on an Alaska Airlines flight. The company is also facing potential prosecution from the Justice Department for violating an agreement reached to avoid criminal charges over the 737 MAX crashes. Finally, Julie Hyman and Josh Lipton break down what investors should watch next week, from Nvidia (NVDA) earnings to the Federal Reserve's May FOMC minutes. This post was written by Melanie Riehl
- Yahoo Finance Video
The story behind the surge in silver, copper, and gold
Copper (HG=F) and Silver (SI=F) have both risen to new highs as demand increases for these metals, while Gold (GC=F) also rises as China's Ministry of Finance proceeds with a stimulus plan involving the sale of $138 billion worth of ultra-long special sovereign bonds. Bloomberg Intelligence Senior Commodities Strategist Mike McGlone joins Market Domination Overtime to give insight into metals and how the markets might trade moving forward. McGlone elaborates on what could happen with silver as China looks to buy many precious metals: "There's potential rumors that, we know China has been the biggest buyer of gold, not just Chinese Central Bank, but citizens. There may be some hoarding of silver, but the key thing I'm more worried about silver is that it might follow that path, that autocorrelation path in copper which spikes and then goes back down. In the macro, the big picture, though, I'm very favorable in terms of commodities, most favorable to metals versus most other commodities. " 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 Nicholas Jacobino
- Yahoo Finance Video
Fed moves, commodity surge, jobs outlook: Stocks In Translation
Uncertainty, the constant companion of markets, has once again forced investors to readjust their expectations as the FOMC meeting begins. With the highly anticipated interest rate decision set to be unveiled on Wednesday, the burning question on everyone's mind is: how confident can investors truly be that a rate cut will materialize, especially as whispers of rate hikes and stagflation concerns echo through the halls of Wall Street? And let's not forget the prospect of a commodity supercycle, with prices soaring across the board for assets like gold (GC=F), silver (SI=F), and even coffee (KC=F). Yahoo Finance Markets Reporter Jared Blikre is joined by J.P. Morgan Asset Management Global Market Strategist Jordan Jackson and Yahoo Finance Producer Sydnee Fried for the latest edition of Stocks In Translation. Together, they delve into the odds of a Federal Reserve rate cut, address the potential of a commodity supercycle, break down the significance of the week's jobs numbers, and more. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
