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S&P 500 (^GSPC)
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- Yahoo Finance
Stock market today: US stocks tumble after Meta's reality check, soft GDP print
Meta's AI reality check has dented hopes for a Big Tech revival for stocks, with a GDP update showing the US economy grew slower than expected in the first quarter.
- Yahoo Finance
Stock market today: Tesla surges 12%, stocks go nowhere amid earnings rush
Tesla's surge is putting Big Tech earnings center stage as investors look to megacaps to lift stocks.
- Yahoo Finance Video
We're in a 'very bond-driven equity market,' strategist says
US equities (^GSPC, ^DJI, ^IXIC) are sliding down Wednesday afternoon as the market begins to price in the current earnings season and awaits in anticipation for upcoming earnings. The debate for when the Federal Reserve will begin to cut interest rates continue, potentially affecting the rest of the market. Piper Sandler Chief Investment Strategist Michael Kantrowitz joins Market Domination to discuss the state of the stock market and gives insights into his market predictions moving forward. Kantrowitz affirms his S&P 500 target: "It's 5,250. The upside risk is if we get... softer employment.. or soft macro data, let's say, and brings down yields, takes the heat off the inflation focus, gives the Fed the door to open to cut rates maybe once or twice this year. That's to me upside. We're living in a very bond-driven equity market today." 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
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