Stock Market News for Dec 19, 2024

Zacks12-19 22:23

Wall Street closed lower on Wednesday in a broad-based decline. Stocks took a deep dive after the central bank indicated it would take a far more cautious path in cutting rates in 2025. The three most...

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The three most...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-news-dec-19-142300940.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Market News for Dec 19, 2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Market News for Dec 19, 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-19 22:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/stock-market-news-dec-19-142300940.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street closed lower on Wednesday in a broad-based decline. Stocks took a deep dive after the central bank indicated it would take a far more cautious path in cutting rates in 2025. The three most...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-news-dec-19-142300940.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XLY","symbol_name":"消费品指数ETF-SPDR可选消费品","start_time":0,"source_url":"https://finance.yahoo.com/news/stock-market-news-dec-19-142300940.html","article_id":"2492108457","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/L6poQ8McTBiu72BckVf9NA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/4e90f99ce979806fd44d6dc912cb0c92"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492108457","pubTimestamp":1734618180,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Wall Street closed lower on Wednesday in a broad-based decline. Stocks took a deep dive after the central bank indicated it would take a far more cautious path in cutting rates in 2025. The three most widely followed indexes closed the session firmly in the red.The tech-heavy Nasdaq Composite fell 716.37 points, or 3.6%, to close at 19,392.69.It was expected that the Federal Open Market Committee  would cut the Fed funds rate by 25 basis points  at its final policy meeting of 2024 and would take a cautious stance for 2025, but investors had not yet priced the latter in. There was hope that Fed officials would be moderate in their caution. The Fed did cut rates by 25 bps.Crypto stocks have been having a grand time of late. However, losses accelerated in the sector after Jerome Powell said that the Fed is not allowed to own Bitcoin and that it is not seeking a law to change that. Consequently, Shares of MARA Holdings, Inc. MARA and Riot Platforms, Inc. 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The three most widely followed indexes closed the session firmly in the red.\nHow Did the Benchmarks Perform?\nThe Dow Jones Industrial Average (DJI) plunged 1,123.03 points, or 2.6%, to close at 42,326.87. Twenty-nine components of the 30-stock index ended in negative territory, while one ended in positive. For the Dow, this was a 10th straight session of decline, its longest losing streak since 1974.\nThe tech-heavy Nasdaq Composite fell 716.37 points, or 3.6%, to close at 19,392.69.\nThe S&P 500 lost 178.57 points, or 3%, to close at 5,872.03. All 11 broad sectors of the benchmark index closed in the red. The Consumer Discretionary Select Sector SPDR (XLY), the Real Estate Select Sector SPDR (XLRE) and the Technology Select Sector SPDR (XLK) declined 4.5%, 3.9% and 3.2%, respectively.\nThe fear-gauge CBOE Volatility Index (VIX) increased 74% to 27.62. A total of 18.6 billion shares were traded on Wednesday, higher than the last 20-session average of 14.4 billion. Decliners outnumbered advancers by a 9.489-to-1 ratio on the NYSE, while on the Nasdaq Composite, declining issues had an 5.46-to-1 advantage.\nFed Cuts Rate But Turns Hawkish\nIt was expected that the Federal Open Market Committee (“FOMC”) would cut the Fed funds rate by 25 basis points (bps) at its final policy meeting of 2024 and would take a cautious stance for 2025, but investors had not yet priced the latter in. There was hope that Fed officials would be moderate in their caution. The Fed did cut rates by 25 bps.\nHowever, with policymakers now expecting two interest rate cuts in 2025, down from four in September, and positioned for a pause in January, stocks plunged on Wednesday. The central bank had turned more hawkish than investors had braced for.\n\"I think we're in a good place, but I think from here it's a new phase and we're going to be cautious about further cuts,\" Fed Chair Jerome Powell said at a press conference at the conclusion of the FOMC meeting. Powell said that the Fed remains confident about inflation continuing to ease but acknowledged that a lot would depend on how President-elect Donald Trump's promises of higher tariffs, tax cuts and tougher immigration policy play out.\nAs a result, a broad-based slowdown was evident in trading across sectors. Consumer discretionaries, real estate and tech stocks suffered the most.\nCrypto Stocks Plummett on Powell’s Comments About the Sector\nCrypto stocks have been having a grand time of late. However, losses accelerated in the sector after Jerome Powell said that the Fed is not allowed to own Bitcoin and that it is not seeking a law to change that. Consequently, Shares of MARA Holdings, Inc. MARA and Riot Platforms, Inc. RIOT fell 12.2% and 14.5%, respectively. MARA currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.\nEconomic Data\nPer the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, Housing Starts for November came down to 1,289,000. The number for October was revised up to 1,312,000 from the previously reported 1,311,000.\nBuilding Permits for November came in at 1,505,000. The number for October was revised up to 1,419,000 from the previously reported 1,416,000.\nPer a government report, for the week ending Dec. 13, 2024, U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.9 million barrels from the previous week. They had gone down by 1.4 million barrels in the week prior.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nMarathon Digital Holdings, Inc. (MARA) : Free Stock Analysis Report\nRiot Platforms, Inc. (RIOT) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492108457"}