IXIC

Market Close Report: NASDAQ Composite index closes at 15,927.90 up 316.14 points

FOR THE WEEK, UNOFFICIALLY, S&P 500 GAINED 2.69%, THE NASDAQ ROSE 4.23%, AND THE DOW CLIMBED 0.67%

NASDAQ SNAPS 4-WEEK LOSING STREAK, REGISTERS BIGGEST WEEKLY PCT GAIN SINCE EARLY NOV 2023

NASDAQ <.IXIC> UNOFFICIALLY CLOSES UP 320.74 POINTS, OR 2.05 PERCENT, AT 15,932.50

With inflation still high and economic growth slowing sharply we could be heading toward stagflation, a scenario ‘nobody is really prepared for,’ UBS exec says

U.S. Economy grew just 1.6% in the first quarter. The Commerce Department report showed GDP growth slowing sharply and inflation creeping up. The Fed's preferred measure of inflation accelerated to 3.4% last quarter. Investors are worried about the possibility of stagflation. The market fell on the report.

Stock Market History: Investor's Business Daily Across 40 Years Of Bull Markets And Market Crashes

For investors, forward guidance now outweighs earnings: Strategist

Zacks Investment Management Client Portfolio Manager Brian Mulberry joins Wealth! to discuss inflation. Mulberry says the likelihood of an imminent Federal Reserve rate cut has diminished. He says markets are undergoing a repricing event due to a higher-for-longer interest rate environment. The Fed's target of 2% inflation also impacts earnings expectations.

Microsoft, Alphabet gains set Nasdaq on track for best day since Feb; S&P, Dow also rise

Microsoft, Alphabet gains set Nasdaq on track for best day since Feb; S&P, Dow also rise. Federal Reserve's preferred inflation gauge largely matches estimates in March. Treasury yields slip on Friday in reaction to the release of personal income and outlays data. Microsoft and Alphabet reignited the artificial intelligence craze.