Dow Jones Industrial Average (^DJI)
- Yahoo Finance Video
Record market highs, Cisco earnings: Market Domination Overtime
On today's episode of Market Domination Overtime, Yahoo Finance Hosts Julie Hyman and Josh Lipton reflect on the trading day and break down what to watch on Thursday, May. 16. The S&P 500 (^GSPC) closed above 5,300 for the first time ever following the release of April's Consumer Price Index inflation print. The Dow Jones Industrial Average (^DJI) and the Nasdaq Composite (^IXIC) both also closed higher. Investors are bullish after BMO Capital Markets raised its year-end target for the S&P 500 to 5600, the current highest target on Wall Street. Yahoo Finance Reporter Josh Schafer joins Market Domination Overtime to analyze whether the market can continue its momentum. CEO of Brazil-based Nubank (NU) David Vélez joins the show to break down the company's earnings which topped the Street's expectations. Nu Holdings is looking to expand its business beyond Brazil, seeing Mexico as a "phenomenal opportunity" due to its large market size. Cisco (CSCO) posted its third quarter earnings after the market close. The company reported adjusted earnings of $0.88 per share, which beat the estimated $0.82, and revenue of $12.70 billion, which was slightly better than estimates. The tech giant also raised its full-year guidance. Morningstar Equity Analyst William Kerwin says the demand slumps for Cisco up until now were a symptom of the "COVID hangover," and it may take another quarter for demand to stabilize fully. Finally, Julie Hyman and Josh Lipton break down what to watch on Thursday, from new housing data to Walmart (WMT) earnings to remarks from Federal Reserve officials. This post was written by Melanie Riehl
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Stocks: S&P 500 jumps above 5,300, Dow rises by 350 points
The S&P 500 (^GSPC) has breached above 5,300 on a day when all three of the major indices (^DJI, ^IXIC) closed the session higher. Market Domination Host Julie Hyman examines the day's market performance after the release of April's Consumer Price Index (CPI) inflation print, while Senior Markets Reporter Jared Blikre monitors the all-around sector gains seen today. 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 Luke Carberry Mogan.
- Yahoo Finance Video
CPI market outlooks, Netflix deal, AI in tech: Catalysts
On today's episode of Catalysts, co-hosts Seana Smith and Madison Mills explore market reactions to economic data, company announcements, and the latest developments in the AI sector. Market dynamics take center stage as the show dissects the ripple effects of Wednesday's Consumer Price Index (CPI) print and the resurgence of the meme stock frenzy. Yahoo Finance's Jared Blikre breaks down the market response to the meme trade resurgence. Rabobank Senior Cross-Asset Macro Strategist Christian Lawrence joins the discussion to shed light on the implications of the CPI print for market outlooks. Additionally, Loomis Sayles Head of Full Discretion Team Matt Eagan and Nuveen Head of Municipals Dan Close offer their insights on market outlooks after the CPI release. The show also spotlights a several trending tickers, including Netflix (NFLX), which will now stream two holiday NFL games, Alphabet (GOOG, GOOGL), which unveiled new AI features at its Google I/O conference, and SunPower Corporation (SPWR), the recipient of a downgrade from Wolfe Research. Furthermore, BCG Global Chair Rich Lesser joins the discussion to explore the growing investments in generative AI from tech companies. This post was written by Angel Smith
