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Why this BofA strategist sees no rate cuts in 2025

Friday's job data raises some questions about the Federal Reserve's future decisions on rate cuts throughout this year. Bank of America predicts zero interest rate cuts in 2025. Lauren Sanfilippo, Bank of America senior investment strategist, joins Market Domination to discuss how recent job market strength has shaped BofA's economic forecast. "The jobs report, which actually was a good one, basically priced out cuts for the year, " Sanfilippo explains. "That's sort of how we've pivoted too in terms of our outlook." Sanfilippo also addresses inflation concerns and weighs in on the Federal Reserve’s preemptive cuts, noting a higher tolerance for inflation "shouldn't be that big of a surprise." "I don't want to make too much of this one report, or even next week when we get those inflation prints," she says. "Let's not overreact to one month's data ... we could be in for a little bit stickier-than-expected inflation that's hanging out in that 2 to 3% range." "From a portfolio perspective, the best thing to do now is really get ahead of maybe some rebalancing ... before January 20th," Sanfilippo advises. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Josh Lynch

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December jobs report has Wall Street starting to talk about rate hikes in 2025

A hot December jobs report, combined with a murky inflation outlook for 2025, has some economists debating if the Federal Reserve may need to hike interest rates again.

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SPY

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Nasdaq leads losses as stocks react to December jobs data

The Nasdaq Composite (^IXIC) leads losses for the major averages Friday morning as equities react to December's jobs data, which saw an addition of 256,000 nonfarm payroll jobs, exceeding forecasts for 156,000. All three of the major averages opened the trading day in negative territory. Morning Brief's Brad Smith and Yahoo Finance markets and data editor Jared Blikre are also observing reactionary movements across sectors and in the Russell 2000 small-cap index (^RUT) and bond market (^TYX, ^TNX, ^FVX). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 7 hours ago

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December jobs report shows unemployment fell to 4.1%, 256,000 jobs added to finish 2024 on high note

December's jobs report will be the final look at the labor market before the Federal Reserve announces its next interest rate decision on Jan. 31.

Yahoo Finance 7 hours ago

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SPY
S&P 500 Gains and Losses Today: Walgreens Stock Pops After Promising Results

The S&P 500 plunged 1.5% on Friday, Jan. 10, as an unexpected surge in hiring in the December jobs report raised concerns about interest rate policy.

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(Bloomberg) -- Stocks got hammered and bond yields climbed alongside the dollar, with traders slashing their bets for Federal Reserve interest-rate cuts after a blowout jobs report.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionA Blueprint for Better Bike LanesNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeA 1.5% slide in the S&P 500 Friday wip

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How major US stock indexes fared Friday, 1/10/2025

U.S. stocks dropped on worries that good news on the job market may prove to be bad for Wall Street by keeping inflation and interest rates high. The S&P 500 fell 1.5% Friday. The Dow Jones Industrial Average fell 1.6%, and the Nasdaq composite sank 1.6%.

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Jobs report fuels Treasury yield surge as markets brace for 5% threshold

A recent surge in U.S. Treasury yields may gain even more momentum after a strong jobs report reinforced expectations that interest rates will stay high for longer and raised the spectre of benchmark 10-year yields hitting 5% — a level that some fear could rattle broader markets. Friday’s jobs report revealed that employers added 256,000 jobs in December, well above economists’ forecasts, while the unemployment rate dropped, bolstering market expectations that the Federal Reserve will maintain elevated interest rates to curb economic overheating. That news dashed investors' hopes for some respite from a sharp rise in Treasury yields that has wobbled stocks since the beginning of the year.

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With the Dow Jones Industrial Average looking to add to last year's strong gains, the best Dow Jones stocks to watch in January 2025 are Amazon.com, Apple, Nvidia, Salesforce and Walt Disney. There are clear winners — and losers — at the start of January 2025.

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Jim Cramer on Moderna, Inc. (MRNA): ‘The Numbers Here Are Staggering, Staggeringly Bad’

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Jim Cramer Says Celanese Corporation (CE) ‘Needed China To Recover And It Didn’t’

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CE

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Jim Cramer on The Estée Lauder Companies Inc. (EL): ‘Over-promised And Under-delivered Endlessly’

We recently compiled a list of the 10 S&P 500 Stocks on Jim Cramer’s Radar. In this article, we are going to take a look at where The Estée Lauder Companies Inc. (NYSE:EL) stands against the other S&P 500 stocks. Jim Cramer, host of Mad Money, recently discussed the current state of the market and also […]

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EL
Bond Yields Are Nearing 5%. What That Means for the Stock Market.

The latest surge in yields came in response to a stronger-than-expected employment report for December.

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Jim Cramer on Enphase Energy, Inc. (ENPH): ‘I Think It’s Amazing That Enphase Was Only Down 48% For The Year’

We recently compiled a list of the 10 S&P 500 Stocks on Jim Cramer’s Radar. In this article, we are going to take a look at where Enphase Energy, Inc. (NASDAQ:ENPH) stands against the other S&P 500 stocks. Jim Cramer, host of Mad Money, recently discussed the current state of the market and also discussed both […]

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ENPH

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Dow Slides 640 Points As Closing Bell Looms

The stock market entered the final hour of trading on Friday deep in a hole in the wake of a too-hot December jobs report. The Dow was down 640 points, or 1.5%. The S&P 500 was down 1.3%. The Nasdaq Composite was down 1.

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Even as the market rolls over, Coterra Energy, Constellation Energy Corporation and United Airlines show notable relative strength

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Stocks tumble following blowout jobs report

US stocks slid Friday as investors digested a better-than-expected jobs report that soured expectations of future rate cuts from the Federal Reserve.

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The Dow plunges 600 points as a strong jobs report and inflation fears crush rate cut hopes

The Dow fell 600 points on Friday morning after new job reports surpassed expectations, and the Federal Reserve indicated that interest rate cuts may be postponed. Additionally, inflation remains a concern and is anticipated to stay high.

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Equities Fall, Yields Soar Intraday After Jobs Data

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