Markets (^DJI, ^IXIC, ^GSPC) put a optimistic cap on the buying and selling week, all three of the five-day shifting averages closing Friday within the inexperienced. Shares rallied across the Federal Reserve’s newest financial coverage choice on Wednesday.Yahoo Finance Reporter Alexandra Canal joins the Reside present to focus on the largest occasions impacting shares, together with financial and housing information prints and even the Division of Justice’s antitrust lawsuit levied towards iPhone maker Apple (AAPL).For extra skilled perception and the most recent market motion, click on right here to look at this full episode of Yahoo Finance Reside.Editor’s be aware: This text was written by Luke Carberry Mogan.Video TranscriptJULIE HYMAN: Let’s get to Yahoo Finance senior reporter Alexandra Canal. Hey, Allie.ALEXANDRA CANAL: Hey.JULIE HYMAN: In order we talked about, it was a Fed week. And in order that has to do with the way you had been viewing the week as properly.ALEXANDRA CANAL: Sure, there was a whole lot of anticipation heading into this assembly, significantly when it got here to these dot plots, proper? The place are we going to see the Fed preserve its projection of three cuts this 12 months? And I assumed it was fascinating as a result of, Josh, you and I had been speaking to a buddy of the present, Michael Antonelli, earlier this week. And he mainly got here on the notion it would not matter if the Fed cuts as soon as, twice, or possibly even in no way as a result of the economic system is so robust.And I feel what we obtained from the abstract of financial projections actually highlights that truth. Fed officers are penciling in that increased financial development. They upwardly revised their revisions for GDP to 2.1%. That is up from the 1.4% the Fed officers anticipated again of their December projections.In addition they mentioned that unemployment was going to fall to 4%. That is down from 4.1% of their projections. So it appeared just like the Fed is more and more assured that we’ll obtain this smooth touchdown narrative.And it may not matter a lot in the case of once they reduce, in the event that they reduce as a result of the economic system has simply remained so extremely resilient. You may even have a look at one thing like present house gross sales, for instance, that shot up 9.5% in February over the prior month, houses which might be very interest-rate-sensitive space of the market. However they’re doing properly, the market’s nonetheless tight, inventories up. Doable signal that possibly we have reached the low level there.Story continuesSo I feel the story right here is that the economic system is performing properly and shares are at report highs. We’re nonetheless at fairly excessive rates of interest regardless of all of that. So so long as the economic system stays resilient, that may lead us into that smooth touchdown camp.JOSH LIPTON: Yeah, it was fascinating as a result of we had been simply speaking to a strategist as we speak and the basics, she was saying, I feel she agreed economic system is robust and that ought to drive company income. The query is, how a lot are you keen to pay for that? And I feel she was type of skeptical about that a number of.JULIE HYMAN: Sure, undoubtedly. Effectively, and talking about skeptical of multiples, we had been speaking in regards to the Magazine Seven, the topic of the detrimental aspect of Good Purchase or Goodbye as we speak was apparently NVIDIA. So clearly, individuals are a few of these multiples, however particularly within the Magazine Seven. Apple had a troublesome one this week.ALEXANDRA CANAL: No good, very unhealthy week is what I am calling Apple. That DOJ antitrust lawsuit, I imply, wiped off billions of {dollars} off of the market cap. The inventory closed down greater than 4% on Thursday.We have now bounced again off of these lows with the refill a few half a share level as we speak. However I feel this underscores the potential cracks within the Magazine Seven that we have been discussing and speaking about, this broadening of the rally. Apple’s not the one one in that camp. Tesla as properly.We have now heard from analysts that tech is a reasonably crowded area and there could possibly be room for a possible pullback this 12 months. That is most likely some extent that you simply had been discussing in your Good Purchase or Goodbye play. And I feel the truth that Microsoft has now surpassed Apple in market cap in that Magazine Seven, the truth that Apple goes to proceed to face these challenges.And as we head deeper into this antitrust aggressive lawsuit, I do assume that we may see additional pullback in a few of these tech names in these tech shares. That being mentioned although, I do assume tech continues to point out some resiliency. I imply, it was the one main index to shut within the inexperienced as we speak. And when you check out the sector motion, communication providers, tech, and utilities are–JULIE HYMAN: NVIDIA was at a report once more as we speak. There’s one group that didn’t do properly as we speak.ALEXANDRA CANAL: Sure.JULIE HYMAN: And simply briefly, athleisure which we talked somewhat bit about beneath some stress.ALEXANDRA CANAL: Yeah, and this all has to come back from steering and outlook. And what’s fascinating about Lululemon, it is a very high-end shopper. However the CEO on the earnings name mentioned that they are seeing this shift in shopper habits, which probably indicators some fatigue in the case of demand there.After which on the Nike aspect, they’ve elevated competitors. So I simply marvel if this could possibly be the top of this athleisure increase that we have been seeing since COVID. Now, we’re a couple of years eliminated, however these outcomes actually are disappointing.