S&P 500 (^GSPC)
| Previous Close | 5,555.74 |
| Open | 5,505.84 |
| Volume |
| Day's Range | 5,419.98 - 5,508.04 |
| 52 Week Range | 4,103.78 - 5,669.67 |
| Avg. Volume | 3,839,906,229 |
- Yahoo Finance Video
Neither US candidate will be good for markets: Strategist
As Vice President Kamala Harris and former President Trump's respective campaigns gain momentum, the potential impact of the next president on financial markets looms overhead for investors. Citi's Head of US equity strategy Scott Chronert joins Market Domination to share his outlook. Chronert notes that the next administration, regardless of party affiliation, will face a critical challenge: "the burgeoning deficit situation." He questions if the fiscal stimulus that has boosted the economy in recent years begins to wane, will it have a negative impact on earnings. Overall, Chronert doesn't think either party is good for stocks stating: "Both candidates and both parties, in our view, are mostly equity negative right now." 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
- Yahoo Finance Video
Big Tech forecasts, China's luxury consumers: Market Domination
Market Domination hosts Julie Hyman and Josh Lipton guide investors through the final trading hour of Wednesday, July 24, as US equity markets (^DJI, ^IXIC, ^GSPC) react to earnings out from Alphabet (GOOG, GOOGL) and Tesla (TSLA) and anticipate more results from Big Tech. Citi head of US equity strategy Scott Chronert comes on the program to talk about the role Magnificent Seven tech stocks will have in the ongoing market rotation. Former Chairman of LVMH North America Pauline Brown discusses the consumer pullback from China that is hitting luxury retail brands, including the likes of LVMH (MC.PA, LVMUY) and Burberry (BRBY.L). Other top trending stock tickers on the Yahoo Finance platform include Enphase Energy (ENPH), Ulta Beauty (ULTA), and Lamb Weston Holdings (LW). This post was written by Luke Carberry Mogan.
- 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
