Passing the tax cuts into law is NOT a 'sell-the-news' event
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss why stocks are down today.
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This year started with a bang, saw a fizzle in April – but now appears to be regaining its stride. As we saw last year, the gains continue to be dominated by the ‘Magnificent 7’ tech stocks. This group of mega-cap companies collectively experienced a 48% year-over-year earnings increase in the recent first-quarter 2024 releases, in contrast to a 2% collective decline across the other S&P companies. Going forward, however, expectations are that the remaining 493 companies on the S&P will close th
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