S&P 500 (^GSPC)
| Previous close | 5,615.35 |
| Open | 5,638.16 |
| Volume |
| Day's range | 5,614.75 - 5,666.94 |
| 52-week range | 4,103.78 - 5,666.94 |
| Avg. volume | 3,833,627,666 |
- Yahoo Finance Video
Trump picks Vance as VP, Dow hits new closing high: Market Domination Overtime
On today's episode of Market Domination Overtime, Hosts Julie Hyman and Josh Lipton break down the market close and some of the biggest stories of the trading day. The Dow Jones Industrial Average (^DJI)close at a record high in Monday's session, closing 0.53% higher. Meanwhile, the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) ended the day in the green, slightly below their record closes. The S&P 500 hit an all-time high intraday. Former President Donald Trump has announced Senator JD Vance (R-Oh.) as his vice presidential pick just days after surviving an assassination attempt in Pennsylvania. Unlimited co-founder, CEO, and CIO Bob Elliott notes that following the assassination attempt, the odds of Trump winning the election have increased. He explains, "What we're seeing is actually gold (GC=F) as one of the best-performing assets in the market, reflective of the fact that we're likely to get large deficits ahead as the Republicans have a higher probability of controlling all three chambers of the US government. We're seeing bonds sell off as a function of growth likely being stronger and having those larger deficits and higher inflation." Meanwhile, Alphabet (GOOG, GOOGL) is in talks to acquire cyber security startup Wiz for $23 billion, according to a report from the Wall Street Journal. Jefferies senior analyst Brent Thill is excited by the deal, stating: "I think this makes a lot more sense given that they [Wiz] can address both small, mid, and large enterprises with this technology. That the government — there's zero chance, in my opinion, they could push back on this because it's enabling the security and safety of data, and no one has dominant market share, so it makes a lot of sense for us... I'd be a lot more excited as a shareholder if this was happening." Finally, Julie Hyman and Josh Lipton break down what to watch on Tuesday, July 15, from major bank earnings to the kickoff Amazon's (AMZN) Prime Day. This post was written by Melanie Riehl
- Yahoo Finance Video
Russell 2000 rises, economic moderation: Top market trends
The Dow Jones Industrial Average (^DJI) notched a record close while the S&P 500 (^GSPC) ended the day just below a record high in Monday's session. Yahoo Finance Reporter Josh Schafer joins Asking for a Trend to discuss his takeaways from the trading day. First, he points to the continued broadening of the market as a major trend. Energy (XLE), financials (XLF), and industrials (XLI) all led the market's rally while tech (XLP) came in just shy of the S&P 500 over the last five days. Next, the Russell 2000 (^RUT) hit its highest level since 2022. As more economic data points to cooling inflation, confidence grows in the potential for a September rate cut, giving small caps a boost. Finally, the economy is showing signs of overall moderation. As June's retail sales report is set to be released on Tuesday, Wall Street is expecting sales to fall about 0.2%. Schafer explains that if the print comes in line with expectations, it would serve as yet another data point showing that the economy is responding to higher interest rates. This would also give the Federal Reserve more confidence in initiating an interest rate cut. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Melanie Riehl
Yahoo FinanceStock market today: Dow jumps 200 points to hit all-time high
The impact on markets of the Trump shooting is overshadowing fresh Wall Street bank earnings.
