Dow Jones Industrial Average (^DJI)
| Previous Close | 39,853.87 |
| Open | 39,828.63 |
| Volume |
| Day's Range | 39,817.50 - 39,938.90 |
| 52 Week Range | 32,327.20 - 41,376.00 |
| Avg. Volume | 355,124,098 |
Yahoo FinanceStock market news today: US stocks steady after steep Big Tech-led sell-off
Earnings misses have put the spotlight on the health of the economy after a Big Tech-led sell-off.
- Yahoo Finance Video
Stocks fall, Ford, Chipotle, IBM earnings: Market Domination Overtime
All three of the major averages (^DJI,^GSPC, ^IXIC) saw a sharp sell-off, with the "Magnificent Seven" dragging down the Nasdaq. T. Rowe Price global head of multi-asset and chief investment officer Sébastien Page says the bulls and bears are truly in a fight over where the market is headed, with bears making the case for an economic slowdown while bulls argue rate cuts will keep the rally going. There were plenty of earnings after the closing bell. Market Domination Overtime anchors Julie Hyman and Josh Lipton break down the quarterly results from Ford Motor (F), Chipotle Mexican Grill (CMG), IBM (IBM), and Whirlpool (WHR). \For more expert insight and the latest market action, click here.
- Yahoo Finance Video
There's 3 forces 'at work in the market': Citi strategist
As a market rotation occurs from out of the tech sector and Magnificent Seven earnings weigh on the broader market on Wednesday, Citi Head of US Equity Strategy Scott Chronert joins Market Domination to discuss current market dynamics. Chronert identifies three main "forces at work in the market": the growth of the AI trade influencing the broader market, potential policies that could impact markets depending on the election outcome, and the market beginning "to discount something akin to a soft landing" scenario. In light of these factors, Chronert highlights small-cap stocks as an attractive area for investors. "What we're focused on is the earnings growth set-up. Small cap earnings have been down to flat for the past two years, right now consensus expectations are for small cap... indices to move materially higher next year," Chronert tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
