Previous close | 5,308.15 |
Open | 5,310.07 |
Volume |
Day's range | 5,296.19 - 5,325.49 |
52-week range | 4,103.78 - 5,325.49 |
Avg. volume | 4,018,070,000 |
The Dow Jones Industrial (^DJI) briefly touched over 40,000 for the first time in history, though it did end the day lower. Applied Materials (AMAT) posted its second quarter earnings, beating revenue expectations showing further signs of strength in the chip sector. Saint-Gobain North America CEO Mark Rayfield (SGO.PA) joined the show to give insight into homebuilding fundamentals and why he believes they remain "robust". For more expert insight and the latest market action, click here.
The Dow Jones Industrial (^DJI) briefly crossed 40,000 for the first time in its history, echoing the significant gains in the broader market. While some signs point to inflation slowing, there have been signals that the consumer is beginning to pull back. IDX Advisors Chief Investment Officer Ben McMillan joins Market Domination to discuss the Dow's new record and why he believes investors will need to move with "cautious optimism." "I do think equities are priced to perfection at this point. So we would urge caution. It's also important to remember that this is a momentum driven market. You got to be really careful to kind of pick and choose your value," McMillan tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
On today's episode of Catalysts, co-hosts Seana Smith and Madison Mills discuss the state of the consumer and stock market gains following Wednesday's Consumer Price Index (CPI) print. The Dow Jones Industrial Average (^DJI) surpassed the 40,000 mark for the first time, while the S&P 500 (^GSPC) topped the 5,300 level amid broad-based market gains. Despite the rally, UBS Investment Bank Chief Strategist Bhanu Baweja joins the show to discuss why he believes markets may be due for "a reality check." Compounding the financial strain on consumers, the Energy Information Administration (EIA) reports that gas prices could increase by $0.10 this summer, prompting an examination of the state of the consumer. The show covers several trending tickers, including Deere & Company (DE), which lowered its full-year profit guidance, GameStop (GME), which experienced a slump amid the slowing meme trade frenzy, and Canada Goose (GOOS), which beat fourth-quarter profit expectations. This post was written by Angel Smith