WATCH The debut of Yahoo Finance's new show, Asking for a Trend Paris - Delayed Quote • EUR Euronext 100 Index (^N100) Follow 1,554.12 +1.29 (+0.08%) At close: 6:05 PM GMT+2 Related News Metals rally, Nasdaq hits a high: Market takeaways It was another busy day on Wall Street, with investors closely keeping an eye on earnings reports. Stocks ended the day mixed (^DJI,^GSPC, ^IXIC), with the Nasdaq closing at a record high. Another big mover was metals, with gold (GC=F) reaching a new record high. All eyes are on Nvidia (NVDA), though. Investors seem to be on pause while they await the chip company's quarterly results on Wednesday after the market close. Yahoo Finance's Alexandra Canal shares her trading takeaways for Monday, May 20. For more expert insight and the latest market action, click here to watch this full episode Asking for a Trend. This post was written by Stephanie Mikulich. Economic data setting up market for 'great scenario': Yardeni After reaching all-time record highs last week, market indexes are in a tug-of-war to stay above these benchmarks; the S&P 500 (^GSPC) is holding above 5,300 while the Dow Jones Industrial Average (^DJI) rolls further back below 40,000. Yardeni Research President Ed Yardeni forecasts the Dow shooting up as high as 60,000 by 2030. Yardeni sits down with Market Domination to discuss the multitude of factors that could either accelerate or derail market growth, including the higher interest rate environment sustained by the Federal Reserve. "Usually recessions are caused by credit crunches and at this point, I don't see something like that. But a spike in oil prices (CL=F, BZ=F) is something that from a geopolitical perspective, is still not out of the realm of possibilities here," Yardeni notes to Yahoo Finance. "Fortunately, the price of oil has actually moderated quite a bit ever since Israel and Iran launched missiles at each other and then kind of backed off. So I think there's enough oil so we don't get a kind of big spike the way we had in the 1970s." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan. This is NOT 'a set it and forget it' environment: Strategist As US Equities (^GSPC, ^DJI, ^IXIC) are trading at record highs, with the Dow Jones Industrial Average hovering above a record 40,000, new investing strategies may emerge, but how should investors frame this environment in their portfolios? US Bank Asset Management Group Chief Investment Officer Eric Freedman and Mizuho Securities USA US Chief Economist Steven Ricchiuto joins Wealth! to give insight into investors as how to manage their portfolios as markets reach these record high levels. Freedman tells investors to keep the Fed in mind: "The key consideration is where will we actually see interest rates settle out over time. And there's been a little more of a reconciliation between the Fed and the market in 2024. But 2025 and 2026 there's a bit of a disparity there. And one of the reasons why we think there's a disparity is because we think that the market expects commodity inflation to actually hang around and potentially even inflate from here. So one of the things that we're doing in portfolios is actually hedging with physical commodities."Freedman also affirms this market is "Probably never a set it and forget it just because it is... one of those environments where where things are moving around quite a bit." He also lays out three areas where he is focusing right now: energy, technology, and the equal-weighted S&P. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino Two Fed governors see holding rates higher for longer amid slow-moving inflation Two Federal Reserve governors reiterated Monday they see holding rates at current levels until there is more evidence inflation is falling, the latest central bank officials to stress a higher-for-longer stance. Stocks search for direction as Dow opens below 40,000 Stock market averages (^DJI, ^IXIC, ^GSPC) open Monday's session mixed, the first session after the Dow Jones Industrial Average's historic close above 40,000. Yahoo Finance's The Morning Brief examines the market and sector gains after the opening bell. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan. Markets brace for Nvidia earnings: What to know this week A crucial earnings report from AI leader Nvidia greets a stock market that hit new records last week. What if the Fed Slashes Rates? The Surprising Big Winners. If so, small-cap stocks could finally get their moment in the sun. Strategists at Citi wrote in a report Friday afternoon that “all things equal, our view is that Small and Mid Cap should benefit relative to Large Cap.” Why should smaller companies get a boost? Dow Jones Futures: AI Stock Palo Alto Plunges On Earnings; Nvidia Earnings, Fed Minutes Loom Dow Jones Futures: AI stock Palo Alto Networks plunged on earnings late Monday. Nvidia earnings and Fed minutes loom this week. Nasdaq Rises to Record as Markets Weigh Fed Officials' Comments Nasdaq Rises to Record as Markets Weigh Fed Officials' Comments How major US stock indexes fared Monday, 5/20/2024 U.S. stock indexes drifted to a mixed finish after a quiet day of trading, and the Nasdaq composite rose to another record. The Russell 2000 index of smaller companies rose 6.78 points, or 0.3%, to 2,102.50. Dow Jones Dips As AI Stock Microsoft Shines; Nvidia Rallies On These Bullish Calls The Dow Jones fell on the stock market today. AI leader Nvidia got some price target hikes. Li Auto and Tesla stock were lower. JPMorgan Stock Reverses Below Buy Point On CEO Jamie Dimon Comments JPMorgan fell below a buy point after CEO Jamie Dimon hinted at retirement. The Dow Jones giant also lifted its net interest income forecast. Nasdaq Hits New Highs. Dow Falters. The Dow Jones Industrial Average was down 196 points, or 0.5%. The Nasdaq Composite was up 0.7% to mark a fresh record. The Dow was weighed down because more than half its members declined on the day. S&P 500: Lowe's Earnings Follow Home Depot Results Amid Same-Store Sales Skid Lowe's earnings are due Tuesday, with same-store sales seen falling again. Shares are up in 4% in 2024. Gold Price Hits Record High: 3 Best Gold Mining Stocks to Buy Now As the price of gold hits new record highs investors may consider buying these top ranked mining stocks. Stocks, Gold Reach New Record Highs, Cruise Stocks Rally, GameStop Sinks: What's Driving Markets Monday? Wall Street kicked off the new week on a high note, with all major U.S. indices posting gains and reaching fresh record highs by midday trading in New York, as the bull market momentum remains strong. The S&P 500 index surged to 5,325 points during the session, matching last Thursday’s all-time high. The tech-heavy Nasdaq 100 climbed past 18,670 points, setting new record highs. The Dow Jones remained steady at 40,000, its highest level ever. The rally in metal commodities continued, with gold, Wall Street Is Chasing a Hot Stock Market. You Don’t Need To. Strategists are lifting their S&P 500 targets, but that shouldn’t be taken as a cue to load up on equities. Wall Street’s biggest bear just turned bullish on stocks—but he warns ‘uncertainty’ still reigns Morgan Stanley’s Mike Wilson previously called the $8 trillion market drop in 2022, due to a combination of “fire and ice.” Equity Markets Mixed Intraday After Fed Officials' Comments Equity Markets Mixed Intraday After Fed Officials' Comments US Equity Indexes Mixed as Fed Officials Reiterate Restrictive Policy Needs More Time to Ease Inflation US Equity Indexes Mixed as Fed Officials Reiterate Restrictive Policy Needs More Time to Ease Inflation
