Dow Jones Industrial Average (^DJI)
- Yahoo Finance Video
Dow crosses 40,000, cannabis stocks rise: Market Domination
On Wednesday's episode of Market Domination, Yahoo Finance Hosts Julie Hyman and Josh Lipton break down the day's biggest stories and the state of the consumer. The Dow Jones Industrial Average (^DJI) briefly crossed 40,000 for the first time ever. However, IDX Advisors Chief Investment Officer Ben McMillan believes investors should express "cautious optimism." The Supreme Court voted 7-2 to reject attempts to undercut Consumer Financial Protection Bureau (CFPB) funding. The ruling will allow the CFPB to maintain its current funding structure, which some payday lenders and credit access companies felt was unconstitutional. Cannabis stocks are rising after President Joe Biden endorsed the Justice Department's move to reclassify marijuana to a Schedule III drug from a Schedule I. Poseidon Investment Management co-founder Emily Paxhia calls the move "historic" and. breaks down the government's next steps. Shares of Walmart (WMT) are trading higher after the retail giant beat first quarter earnings expectations. Wall Street looks to Walmart as a key indicator of consumer spending, which, following earnings, signals a resilience among inflationary budget pressure. Gradient Investments Senior Portfolio Manager Jeremy Bryan and Catalyst Funds Co-Founder, Chief Investment Officer, and Senior Portfolio Manager David Miller join the show to discuss other stocks performing well in an inflationary environment. This post was written by Melanie Riehl
- Yahoo Finance Video
Stocks close lower, Dow and S&P 500 dip below record highs
On the heel of record highs, market averages (^DJI, ^IXIC, ^GSPC) are falling back below their historic benchmarks. The Dow Jones Industrial Average falls back below 40,000 after breaching it intraday while the S&P 500 dips under 5,300 to close out Thursday's session. Market Domination Overtime Host Julie Hyman reviews the day's market and sector performances. 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
Dow hits record-high, gas prices to rise: Catalysts
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
