Stock Market News for Dec 18, 2024

Zacks12-18

Wall Street closed lower on Tuesday, eagerly awaiting the Fed meeting. Market participants showed restraint in trading ahead of the Fed's last policy announcement of 2024 after economic data released ...

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Market participants showed restraint in trading ahead of the Fed's last policy announcement of 2024 after economic data released ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-news-dec-18-142600504.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 18, 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 18, 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-18 22:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/stock-market-news-dec-18-142600504.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street closed lower on Tuesday, eagerly awaiting the Fed meeting. Market participants showed restraint in trading ahead of the Fed's last policy announcement of 2024 after economic data released ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-news-dec-18-142600504.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":"IE00BJLML261.HKD","symbol_name":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/stock-market-news-dec-18-142600504.html","article_id":"2492160180","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/4ZSsINkb5XqZ9wfTmt56nw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/11c57bc89878c9157e259fddcb0b1629"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492160180","pubTimestamp":1734531960,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Wall Street closed lower on Tuesday, eagerly awaiting the Fed meeting. 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The Industrials Select Sector SPDR , the Communication Services Select Sector SPDR  and the Energy Select Sector SPDR  declined 0.9%, 0.8% and 0.7%, respectively, while the Consumer Discreti","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","XLY":"消费品指数ETF-SPDR可选消费品","SG9999002232.USD":"Allianz Global High Payout USD","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","AVGO":"博通","LU1935043023.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC A","IE00BMCWC346.EUR":"GUINNESS EMERGING MARKETS EQUITY INCOME \"C\" (EUR) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","XLI":"工业指数ETF-SPDR","IE00B42XCP33.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) INC","BK4548":"巴美列捷福持仓","IE00B3PB1722.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) INC","LU2237443895.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) ACC","MRNA":"Moderna, Inc.","LU0476273544.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"BU\" (USD) ACC","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4554":"元宇宙及AR概念","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","XLE":"SPDR能源指数ETF","LU1935042488.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC","XLC":"Communication Services Select Sector SPDR Fund","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","COMP":"Compass, Inc.","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU1732800096.USD":"摩根大通环球收益基金A (irc)","BK4566":"资本集团","BK4575":"芯片概念","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC"},"translate_title":"2024年12月18日股市新闻","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XLY":1,"AVGO":1,"MRNA":1,"XLC":1,"XLE":1,"XLI":1,"US7Y.BOND":0.9,"COMP":0.9,"US6M.BOND":0.9,"US5Y.BOND":0.9,"US3Y.BOND":0.9,"US30Y.BOND":0.9,"US2Y.BOND":0.9,"US12M.BOND":0.9,"US10Y.BOND":0.9},"content_text":"Wall Street closed lower on Tuesday, eagerly awaiting the Fed meeting. Market participants showed restraint in trading ahead of the Fed's last policy announcement of 2024 after economic data released on the day suggested that consumer spending was going up. The three most widely followed indexes closed the session in the red.\nHow Did the Benchmarks Perform?\nThe Dow Jones Industrial Average (DJI) ticked down 266.93 points, or 0.6%, to close at 43,450.55. Twenty components of the 30-stock index ended in negative territory, Nine ended in positive, while one was unchanged. For the Dow, this was a ninth straight session of decline.\nThe tech-heavy Nasdaq Composite fell 64.83 points, or 0.3%, to close at 20,109.06.\nThe S&P 500 lost 23.45 points, or 0.4%, to close at 6,050.63. Ten of the 11 broad sectors of the benchmark index closed in the red. The Industrials Select Sector SPDR (XLI), the Communication Services Select Sector SPDR (XLC) and the Energy Select Sector SPDR (XLE) declined 0.9%, 0.8% and 0.7%, respectively, while the Consumer Discretionary Select Sector SPDR (XLY) advanced 0.3%.\nThe fear-gauge CBOE Volatility Index (VIX) increased 8% to 15.87. A total of 16.2 billion shares were traded on Tuesday, higher than the last 20-session average of 14.1 billion. Decliners outnumbered advancers by a 2.77-to-1 ratio on the NYSE, while on the Nasdaq Composite, declining issues had an 1.79-to-1 advantage.\nInvestors Brace for a Hawkish Rate Cut by the Fed\nWhile the markets have completely priced in another 25 basis point rate cut decision by the Fed to be announced from its December meet on Wednesday, a general consensus among investors is that there will be a rate-cut pause January onward.\nIt is highly unlikely, with the economic indicators being where they are, that the central bank would continue to cut rates before inflation numbers are favorable. Tuesday’s trade kind of mirrored a standard fare for a pre-Fed day market where the outlook is little uncertain, yet market participants are broadly aware what the Fed Chair’s guidance is going to be like.\nConsequently, there was a broad-based slowdown evident in trading. Shares of Broadcom Inc. AVGO and Moderna, Inc. MRNA fell 3.9% and 2.6%, respectively. Both currently carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.\nEconomic Data\nPer the U.S. Census Bureau, advance estimates of U.S. retail and food services sales for November 2024 came in at $724.6 billion, up 0.7% from October. The October number was revised up to 0.5% from the previously reported 0.4%.\nCore retail sales, which excludes autmobiles, came in at an increase of 0.2% for November. The number for October was revised upto an increase of 0.2% from the previously reported 0.1%.\nPer a report by the Federal Reserve, Industrial Production for November came in at a decrease of 0.1%. The number for October was revised up to a decrease of 0.4% from the previously reported 0.3% decrease.\nCapacity Utilization for November came in at 76.8 per the same report. The number for October was revised down to 77 from the previously reported 77.1.\nPer the U.S. Census Bureau, Business Inventories for October, adjusted for seasonal and trading day differences but not for price changes, were estimated at an end-of-month level of $2,587 billion, up 0.1% from September 2024.\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\nModerna, Inc. (MRNA) : Free Stock Analysis Report\nBroadcom Inc. (AVGO) : 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/2492160180"}