HKSE - Delayed Quote • HKD (64459.HK) Follow Compare 0.057 +0.011 (+23.91%) At close: 3:53:00 PM GMT+8 Related News Fed cuts rates by quarter point, scales back cuts for 2025 The Federal Reserve reduced interest rates by a quarter percentage point Wednesday and scaled back the number of cuts it expects to make next year. Stock market today: Dow, S&P 500, Nasdaq clobbered as Fed, Powell signal fewer rate cuts in 2025 Stocks eyed a rebound Wednesday, with the blue-chip Dow looking to snap its longest losing streak since 1978 Your 2025 portfolio strategy can't rely on more rate cuts: Strategist US stocks (^DJI,^GSPC, ^IXIC) are trading lower after the Federal Reserve announced a 25 basis point cut and said it expects to deliver two cuts in 2025. Innovator Capital Management head of research and investment strategy Tim Urbanowicz sits down with Market Domination Overtime co-hosts Julie Hyman and Josh Lipton to examine the market reaction to the Fed announcement. "There is such high expectations across the board" for the market in 2025, Urbanowicz says, explaining, "the expectation for the Fed [is] going to continue on this aggressive pace of cutting without any economic pain. It's great if it plays out, but today, as you see, those expectations pulled back, you see the market pull back." While Fed Chair Jerome Powell indicated that the US economy is strong, justifying the 25 basis point cut at the December meeting, Urbanowicz says, "the big fear is a reacceleration in inflation." The strategist notes that recent data signals inflation progress is stalling, just ahead of President-elect Donald Trump's second term. "I think they're getting nervous about the new administration coming in," Urbanowicz says, noting that Trump's policy proposals, like tariffs and mass deportations, are expected to be inflationary. Overall, the strategist says the market reaction to the Fed meeting underlines that "investors need to be very cautious on their expectations for the Fed ... investors need to really disconnect the need for risk management and interest rates in their portfolio in 2025," as it seems rates will be staying higher for longer than initially expected. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Naomi Buchanan. Dow, S&P 500, Nasdaq sell off after Fed's 25 bps cut All three of the market averages (^DJI, ^IXIC, ^GSPC) are selling off following the Federal Reserve's latest interest rate cut on Wednesday. This negative close marks the tenth straight losing session for the Dow Jones Industrial Average. The Nasdaq Composite lags the most, closing by 3.56% lower. Market Domination Overtime host Julie Hyman and Yahoo Finance markets and data editor Jared Blikre recap the day's market losses following the Fed's December rate cut. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan. Why this strategist sees a 'multi-month pause' from the Fed The Federal Reserve implemented a 25 basis point rate cut Wednesday afternoon, sending stock markets (^DJI, ^IXIC, ^GSPC) lower. Roth Capital Partners chief economist & macro strategist Michael Darda joins Market Domination to provide insights into the central bank's decision. Darda says the rate cut was "expected" but notes the updated dot plot projections contained a hawkish tone. He anticipates a "multi-month pause" in rate cuts, citing Federal Reserve Chair Powell's indication that the economy is outperforming initial expectations from September. "What's really strange about the current backdrop is ... the labor market is cooling," Darda explains. He highlights that private employment growth is at "half the level that we were seeing pre-pandemic," and the unemployment rate showed early recessionary signals by "hooking upwards" during the summer. Despite this, Darda notes that overall, economic growth remains robust, with fourth quarter GDP tracking estimates in the 3% range. "People look at that, and they look at the stock market ... and they kind of scratch their head thinking, 'what is the sense of urgency here? Why is the Fed doing 100 basis points of cuts when everything seems to be fine?'" Darda tells Yahoo Finance. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith Jabil beats Q1 estimates, cites data infrastructure demand Circuit board designer Jabil (JBL) is seeing a stock boost after reporting earnings on Wednesday, noting strong demand for data center infrastructure. A supplier for Apple (AAPL), the company surpassed its fiscal first quarter revenue and profit expectations with shares jumping by over 8.5% this morning. The Florida-based company also reported growth in its artificial intelligence technologies and demand for AI infrastructure. In the video above, Yahoo Finance hosts Brad Smith and Madison Mills give more insight on Jabil's latest earnings print and AI demand. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Josh Lynch. The Fed could be on the verge of ripping up its rate script for 2025 Investors are betting a final 2024 rate cut is a sure thing from the Federal Reserve, but the bigger question is whether the central bank is ready to scale back what it expects to do in 2025. How the S&P 500 usually performs following extended rallies In an interview with Yahoo Finance, Bank of America Securities Head of US Equity Strategy Savita Subramanian forecasts moderate gains for the S&P 500 (^GSPC), projecting a 10 to 11% increase in 2025 with her team maintaining a 2025 year-end price target of 6,666. Today's Chart of the Day features anchor Julie Hyman examining historical trends of S&P 500 (^GSPC) returns following sustained two-year market rallies. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Angel Smith Nvidia's Blackwell chip could push the company into a new stratosphere as the AI revolution continues Nvidia's Blackwell chip has taken the world by storm. For that reason, Yahoo Finance has selected Blackwell as its 2024 Product of the Year. Why the 'Magnificent 7' rally could be a 'defensive' move Wall Street strategists believe investors are seeking safety in the market's most consistent performers as nervousness grows about the path forward for interest rates in 2025. 3 Top Tech Stocks That Could Make You a Millionaire These companies are already proven winners, but their dominant business models and long-term prospects still make them arguably safe long-term bets for building life-changing wealth for investors. HSBC, Bank of China cut lending rates even as HKMA warns of volatility ahead HSBC and Bank of China (Hong Kong) (BOCHK), Hong Kong's top two banks, lowered their prime lending rates for a third time this year, trimming the cost of borrowing to the lowest level in two years. HSBC said it would trim its prime rate by 12.5 basis points to 5.25 per cent from Friday, the lowest since August 2022. BOCHK said it would cut its rate by the same level from Monday. The banks also said they would reduce their savings rates by the same margin to 0.25 per cent annually on deposits abo Pound, gold and oil prices in focus: commodity and currency check, 19 December Pound and commodities lower as Fed signals rate caution Could This 1 Thing That's Happened Only 3 Times in the Past 67 Years Halt the S&P 500's Gains in 2025? Here's What History Says. This year has been a fantastic one for stocks, from the moment the S&P 500 confirmed a bull market back in January to today, with the three major benchmarks heading for double-digit annual gains. The S&P 500 has climbed 27% this year, while the Nasdaq and the Dow Jones Industrial Average have advanced 34% and 15%, respectively. The Stock Market Just Did Something It Last Did in 1978. History Says This Will Happen Next. The Dow Jones Industrial Average (DJINDICES: ^DJI), one of three major U.S. stock market indexes, had declined in nine straight trading sessions as of Tuesday, Dec. 17. The last time the Dow Jones strung together a losing streak that long was February 1978. Investors who expect a similar outcome this time can get exposure with the SPDR Dow Jones Industrial Average ETF Trust (NYSEMKT: DIA). What Makes Kyndryl Holdings (KD) a Favorite Stock for Billionaire David Einhorn? We recently compiled a list of the 10 Best Stocks to Buy According to Billionaire David Einhorn. In this article, we are going to take a look at where Kyndryl Holdings, Inc. (NYSE:KD) stands against the other best stocks to buy according to Billionaire David Einhorn. The markets are broken and getting worse. That’s the […] Dow Rebounds After Fed Scare Triggers Huge Selloff U.S. stocks looked set to pare back some of their losses on Thursday after Federal Reserve Chair Jerome Powell put a lump of coal in markets’ Christmas stocking by signaling that sticky inflation means investors shouldn’t expect deep rate cuts next year. Futures tracking the Dow Jones Industrial Average climbed 148 points, or 0.4%. All three indexes had plummeted on Wednesday, with Powell’s hawkish presser sinking the Dow by 1,100 points to lock in its longest losing streak in half a century. What Makes PENN Entertainment (PENN) a Favorite Stock for Billionaire David Einhorn? We recently compiled a list of the 10 Best Stocks to Buy According to Billionaire David Einhorn. In this article, we are going to take a look at where PENN Entertainment, Inc. (NASDAQ:PENN) stands against the other best stocks to buy according to Billionaire David Einhorn. The markets are broken and getting worse. That’s the […] European Stocks Join Global Retreat After Fed Jolt: Markets Wrap (Bloomberg) -- European stocks mirrored losses in Asia and the US session after a hawkish pivot by the Federal Reserve jolted markets. The yen slid as the Bank of Japan left borrowing costs unchanged. Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousThe Stoxx 600 dropped 1.2% and a gauge of Asian equities fell by a similar margin. US stock futures rose following the S&P 500’s biggest lost since 2001 for a Fed decision day.The yen weakened past yet another mi Q1 2025 Jabil Inc Earnings Call Q1 2025 Jabil Inc Earnings Call