Dow Jones Industrial Average (^DJI)
| Previous Close | 40,287.53 |
| Open | 40,414.50 |
| Volume |
| Day's Range | 40,222.77 - 40,472.53 |
| 52 Week Range | 32,327.20 - 41,376.00 |
| Avg. Volume | 355,805,245 |
- Yahoo Finance Video
Biden exits race, CrowdStrike fallout, Big Tech earnings: Morning Brief
Today's episode of the Morning Brief features co-hosts Seana Smith and Madison Mills delving into political upheaval, market-moving stocks, and upcoming earnings reports. The political landscape takes center stage as President Biden announces his withdrawal from the presidential race, endorsing Vice President Kamala Harris as the potential Democratic nominee. Senior Columnist Rick Newman joins to analyze Harris's likely policy directions. AGF Investments Chief US Policy Strategist Greg Valliere offers insights into Harris's prospects against Trump and the potential market implications. The focus then shifts to notable stock movements, including Ryanair (RYA.IR), CrowdStrike (CRWD), Verizon (VZ), and Delta Air Lines (DAL)—which is still grappling with challenges from a worldwide outage triggered by a CrowdStrike update. The show concludes with a look at upcoming earnings reports, particularly from Tesla (TSLA) and Alphabet (GOOG, GOOGL). J.P. Morgan Private Bank US equity strategist Abby Yoder and Roth MKM senior research analyst Craig Irwin share their earnings outlooks. For more expert insight and the latest market action, click here. This post was written by Angel Smith
- Yahoo Finance Video
What markets want to see out of Q2 earnings growth
Second quarter earnings from major companies are continuing to pile in this week, from Alphabet (GOOG, GOOGL) and Tesla (TSLA) to UPS (UPS), as investors watch closely to gain insight into potential market moves. With uncertainty around the elections and the market pricing in an interest rate cut from the Federal Reserve, what should investors look out for from these earnings and where to expect growth? J.P. Morgan Private Bank US Equity Strategist Abby Yoder joins Morning Brief to give insight into earnings season forecasts and their potential impact on the broader market (^DJI, ^IXIC, ^GSPC). Yoder explains the current market trends are and what market want to see out of earnings results: "I think the consumer is slowing, right? And I think what we saw through retail sales was that it's slowing, but it's still healthy. Like we're starting to see 2Q GDP expectations revised higher above that 2% let's call it trend growth rate. And I think what we need right now is not necessarily from all of these names to beat and raise — we need them to beat and at least maintain." She follows that up with: "Right now earnings growth expectations for the market are around 9, 9.5%. We would imagine you start to see... a beat rate of around 5 to 7% for the market, getting you to around 10 to 11% earnings growth for the quarter." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Stocks digest Biden's 2024 exit, Harris endorsed: Top Story
US stock futures (^DJI, ^IXIC, ^GSPC) are reacting to Sunday's headlines that President Joe Biden will be exiting the 2024 presidential race, endorsing Vice President Kamala Harris as the Democratic nominee ahead of next month's Democratic National Convention (DNC) in Chicago. Democrat backers and mega-donors have thrown their support behind Harris in the wake of this news. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
