Stock Market Today: Live Updates

3 minutes ago

Investors too optimistic about rate cut boost for stocks, warns Vital Knowledge

According to Adam Crisafulli of Vital Knowledge, the impact of the Federal Reserve’s rate cuts on the stock market may be exaggerated by investors.

“Our stance remains cautious on the SPX as investors are overly optimistic about the strength of the Fed cuts and not focused enough on the slowing momentum in the economy,” he wrote. “The case for rate cuts in September is strong, but a modest easing cycle, such as the one that is likely to come, will not be enough to immediately stop the growth slowdown that is currently underway.”

—Fred Imbert

3 hours ago

European markets open lower

See graph…

Stoxx 600 index.

11 hours ago

The S&P 500 has reached 35 record closes this year

The S&P 500 and Nasdaq Composite continued their advances Monday. By the close of regular trading, the broad market index had hit 35 record highs in 2024, while the Nasdaq Composite had posted 25.

However, many investors expect a correction in the summer and say they need to increase their exposure before stock prices peak.

“You really want to stay broadly diversified,” Courtney Garcia, senior wealth advisor at Payne Capital Management, told CNBC’s “Closing Bell” on Monday. “I don’t think the momentum trade ends here, certainly not in the short term, but if it does change, it will change quickly. And if you look at valuations, there’s a lot of opportunity here.”

—Sarah Min

12 hours ago

Stock futures open little changed

US futures stocks opened virtually unchanged on Monday evening.

Dow Jones Industrial Average futures rose 13 points, or 0.04%. S&P 500 futures and Nasdaq 100 futures rose 0.03% and 0.07%, respectively.

—Sarah Min

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