The Federal Reserve looks ahead after cutting the Federal Funds rate by 25 basis points. It was the second cut this year. Yahoo Finance's Brian Cheung talks with Julie Hyman, Adam Shapiro, Andy Serwer and Hennion and Walsh Asset Management's Kevin Mahn.
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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