Stock Market News for Dec 31, 2024

Zacks2024-12-31

U.S. stock markets closed sharply lower on Monday as investors are increasingly booking profits toward the end of an impressive 2024. Market participants tax positing, higher valuation of U.S. stocks ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2495603286?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-31 16:34","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2495603286","market":"us","top_or_hot":-1,"title":"Stock Market News for Dec 31, 2024","media":"Zacks","content":"<div>\n<p>U.S. stock markets closed sharply lower on Monday as investors are increasingly booking profits toward the end of an impressive 2024. Market participants tax positing, higher valuation of U.S. stocks ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-news-dec-31-083400388.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 31, 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 31, 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-31 16:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/stock-market-news-dec-31-083400388.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stock markets closed sharply lower on Monday as investors are increasingly booking profits toward the end of an impressive 2024. Market participants tax positing, higher valuation of U.S. stocks ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-news-dec-31-083400388.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":"IE00BQXX3F31.USD","symbol_name":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/stock-market-news-dec-31-083400388.html","article_id":"2495603286","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2495603286","pubTimestamp":1735634040,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"U.S. stock markets closed sharply lower on Monday as investors are increasingly booking profits toward the end of an impressive 2024. Market participants tax positing, higher valuation of U.S. stocks following an astonishing bull run of the past two years, elevated treasury yields, uncertainties regarding Trump’s economic policies along with the Fed’s rate cut policies and geopolitical conflicts significantly dampened investors’ sentiment on risky assets like equities. All three major stock indexes finished in negative territory.The Dow Jones Industrial Average  tumbled 1% or 418.48 points to close at 42,573.73, after a choppy session. The blue-chip index recorded a seven-day losing streak. At intraday low, the index was down 728.78 points. Notably, 28 components of the 30-stock index ended in negative territory while 2 in positive zone.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","AAPL":"苹果","MACW.SI":"APPLE 3xLongSG261006","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","BK4515":"5G概念","TSYW.SI":"TESLA 3xLongSG261006","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. VL \"A\" (USD) ACC","TSLA":"特斯拉","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","XLV":"健康照护类股ETF-SPDR","BK4555":"新能源车","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","XLY":"消费品指数ETF-SPDR可选消费品","LU0528227936.USD":"富达环球人口趋势基金A-ACC","BK4587":"ChatGPT概念","LU1935042488.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","SG9999001077.SGD":"United International Growth Fund SGD","META":"Meta Platforms, Inc.","XLB":"材料ETF","LU0056508442.USD":"贝莱德世界科技基金A2","LU1037948897.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (HKD) INC","LU1670710661.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) INC","LU2463028550.USD":"AB SICAV I AMERICAN MULTI-ASSET PORTFOLIO \"A\" (USD) ACC","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","COMP":"Compass, Inc.","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","XLK":"高科技指数ETF-SPDR","LU1206712785.SGD":"Aviva Investors - Multi-Strategy Target Return Ah SGD"},"translate_title":"2024年12月31日股市新闻","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XLY":1,"AAPL":1,"META":1,"TSLA":1,"XLB":1,"XLV":1,"XLK":1,"US7Y.BOND":0.9,"US10Y.BOND":0.9,"US12M.BOND":0.9,"US2Y.BOND":0.9,"US30Y.BOND":0.9,"US3Y.BOND":0.9,"US5Y.BOND":0.9,"US6M.BOND":0.9,"COMP":0.9,"TSYW.SI":0.6,"MACW.SI":0.6},"content_text":"U.S. stock markets closed sharply lower on Monday as investors are increasingly booking profits toward the end of an impressive 2024. Market participants tax positing, higher valuation of U.S. stocks following an astonishing bull run of the past two years, elevated treasury yields, uncertainties regarding Trump’s economic policies along with the Fed’s rate cut policies and geopolitical conflicts significantly dampened investors’ sentiment on risky assets like equities. All three major stock indexes finished in negative territory.\nHow Did The Benchmarks Perform?\nThe Dow Jones Industrial Average (DJI) tumbled 1% or 418.48 points to close at 42,573.73, after a choppy session. The blue-chip index recorded a seven-day losing streak. At intraday low, the index was down 728.78 points. Notably, 28 components of the 30-stock index ended in negative territory while 2 in positive zone. \nThe tech-heavy Nasdaq Composite finished at 19,486.78, sliding 1.2% or 235.25 points due to weak performance by technology behemoths. The S&P 500 shed 1.1% to finish at 5,906.94. All 11 broad sectors of the broad-market index ended in negative territory. The Consumer Discretionary Select Sector SPDR (XLY), the Technology Select Sector SPDR (XLK), the Health Care Select Sector (XLV) and the Materials Sector SPDR (XLB) plummeted 1.6%, 1.3%, 1.2% and 1.3%, respectively. The fear-gauge CBOE Volatility Index (VIX) was up 9.1%% to 17.40. A total of 14.48 billion shares were traded on Monday, lower than the last 20-session average of 14.75 billion. Decliners outnumbered advancers on the NYSE by a 1.81-to-1 ratio. On Nasdaq, a 1.72-to-1 ratio favored declining issues. \nTrump’s Policies\nMarket participants are uncertain regarding Donald Trump’s economic policies. Trump’s popular policies like the reduction of corporate tax, deregulation and imposition of tariffs on foreign products are expected to boost economic growth, especially for the domestic industries. At the same time, these policies may lead to a higher inflation rate, making it harder for the Fed’s goal of a soft landing of the economy.\nFed’s Interest Rate Cut\nMarket participants remained uncertain regarding the Fed’s interest rate cut in 2025. The central bank has reduced the benchmark lending rate by 1% in the last three FOMC meetings of this year. The Fed fund rate is currently in the range of 4.25-4.5%. In December, the Fed’s latest “dot-plot” showed just two rate cuts of 25 basis points in 2025 instead of four indicated in September. Geopolitical Conflicts\nMoreover, geopolitical conflicts such as the prolonged war between Russia and Ukraine, the war between Israel and extremist group Hamas, Palestine, Iran and Lebanon, and political upheaval in Syria and Bangladesh add to investors’ woes. \nOvervaluation of U.S. Stocks\nAfter a bull run of past two years, investors are concerned of high valuations, especially for the “magnificent 7” stocks. Consequently, stock prices of Tesla Inc. TSLA, Meta Platforms Inc. META and Apple Inc. AAPL fell 3.3%, 1.4% and 1.3%, respectively. Tesla 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\nThe National Association of REALTORS reported that the pending home sales gained 2.2% in November, marking the fourth consecutive month of increases and the highest level since February 2023. The consensus estimate was 0.7%. The metric for October was revised downward to 1.8% from 2% reported earlier.\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\nApple Inc. (AAPL) : Free Stock Analysis Report\nTesla, Inc. (TSLA) : Free Stock Analysis Report\nMeta Platforms, Inc. (META) : 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":"4.29.4","shortVersion":"4.29.4","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/2495603286"}