S&P 500 (^GSPC)
| Previous close | 5,408.42 |
| Open | 5,442.07 |
| Volume |
| Day's range | 5,434.49 - 5,484.20 |
| 52-week range | 4,103.78 - 5,669.67 |
| Avg. volume | 3,766,562,580 |
- Yahoo Finance Video
2 reasons why markets will face 'constrained volatility' ahead
US stocks (^DJI,^GSPC, ^IXIC) are eyeing a recovery this week after last week's sell-off. Commonwealth Financial Network CIO Brad McMillan joins Morning Brief to discuss the state of the market as the Federal Reserve gears up for an interest rate cut at its September meeting. McMillan expects more market volatility ahead, yet, it will be "constrained" for two reasons: a slowing economy and an interest rate cut. While the economy is slowing, McMillan does not see a looming recession, and as the Federal Reserve starts easing interest rates, the market will have to adjust. He explains that the market "is still looking to adjust to a more defensive posture," as US economic growth continues to slow. He encourages investors to take defensive positions that still offer opportunities for growth. He specifically points to the real estate sector (XLRE), adding that it is an area of the market well-positioned for an interest rate cut. As the market rotates away from Big Tech, McMillan believes there is some downside risk: "A lot of what has been what's been driving this is the idea that the AI tree is going to grow to the sky, and we're starting to get some realization. You're starting to see some numbers out there that say, no, that's not going to happen." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
- Yahoo Finance Video
Stocks recover as markets step back from AI: Market Takeaways
US stocks (^DJI, ^IXIC, ^GSPC) broadly recovered from last week's volatility and tech sell-offs in today's session. Yahoo Finance markets reporter Josh Schafer breaks down the across-the-board gains sectors saw in Monday trading as market trends pull away from AI catalysts. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Luke Carberry Mogan.
Yahoo FinanceStock market today: S&P 500 surges, Dow jumps over 450 points as stocks rebound from worst week of 2024
Inflation is back in focus for investors gauging pressures that could influence the size of Fed rate cuts.
