00:00:18 Speaker A

That closing bell on Wall Avenue and now it is market domination time beyond regulation, providing you with the complete group protection of all of the strikes, will get you on top of things on the motion from immediately’s commerce. Yahoo funds Julie Hyman, in addition to Christine Brief, head of analysis at Wall Avenue Horizon and TMX firm, and Yahoo funds Joshfer right here to interrupt down the strikes immediately. Let’s get it right down to Julie Hyman, the New York Inventory Change for extra the place we closed. Julie.

00:01:20 Julie Hyman

Nicely, I maintain refreshing my numbers, but it surely appears to be like like we closed only a hair shy about three level shy of that all-time file for the S&P 500. Did not fairly get it there. Additionally appears to be like like we’re simply shy of that stage on the Nasdaq composite. As a reminder, the numbers to observe there, 614415 on the S&P 500, the Nasdaq composite 20,173. So on each of these counts, just a little brief. The Nasdaq 100 although, there’s your comfort prize. Uh, it closed a file for the second straight day. The S&P ending larger nonetheless by about 8/10 of 1%, the Dow 9/10, the Nasdaq nearer to 1% right here. Um, and numerous what’s going on right here is straightforward momentum, proper? We’re getting near the top of the quarter. You see numerous of us who wish to guide features for the quarter they usually’re piling into this rally that we have seen available in the market. After which there may be additionally kind of the altering perspective on what we would see from the Federal Reserve. Perhaps some ramping up of bets that we may get a minimize in July or on the very least we’ll get a few cuts earlier than the top of the yr. That appears to be driving among the momentum as nicely. Josh, what are you seeing immediately?

00:03:33 Josh Shafer

Hey Julie, yeah, I am going to check out the sector motion to start out us off right here. So we did see a reasonably broad rally. So we did not get our file that we have been all hoping for and getting excited for, for one thing to kind of cling our hats on. However once I have a look at this sector motion, it was fairly constructive general, I might say. I imply, you are beginning to see broader participation on this rally. That was a key theme we have been speaking about yesterday for a short time. It was simply XLK and tech that was main this market over the past 10 days. However you look right here, you are seeing utilities, shopper discretionary, all the best way right down to vitality, which led immediately. So that you’re seeing broader participation on this rally. There was some constructive motion at two within the Magnificent 7. You noticed Amazon up over 2%. Meta additionally up over 2%. And Julie simply talked about momentum, which is one thing we have been speaking so much about, that issue the place a successful inventory kind of retains persevering with to win. One inventory that that is actually been occurring that was up over 7% immediately is Circle. This inventory has completely soared since its IPO. Inventory is up over 500%. However that is kind of the place the market continues to be and the place numerous the thrilling motion continues to be on this market has been in names like a circle the place these winners simply carry on successful, Josh.