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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.

Yahoo Finance 22 hours ago

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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

Yahoo Finance 14 hours ago

^DJI

^GSPC

YM=F
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.

Yahoo Finance Video 13 hours ago

^DJI

^GSPC

^IXIC
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.

Yahoo Finance Video 14 hours ago

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^DJI
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

Yahoo Finance Video 15 hours ago

^DJI

^GSPC

^IXIC
ETFs draw $1T in 2024: Top picks for 2025 growth

TMX VettaFi Head of Research Todd Rosenbluth joins Wealth to discuss the exchange-traded fund (ETF) market's outlook and trends. Rosenbluth reports that ETFs attracted approximately $1 trillion in inflows during 2024, with strong demand across actively managed, fixed-income, and bitcoin ETFs. He also notes the accelerating trend of mutual fund to ETF conversions. "This is where investors are focused. It's where the asset managers are focused too," he tells Yahoo Finance. Looking ahead to 2025, Rosenbluth observes growing optimism for equities. He points to significant inflows into ETFs like Vanguard 500 (025K.BE), IVV (IVV), and core S&P 500 (SPY, ^GSPC) products, adding, "it's a great time in the ETF marketplace." For investors seeking alternatives to the Magnificent Seven trade, Rosenbluth recommends small-cap ETFs, including VictoryShares Small Cap ETF (SFLO), T. Rowe Price Small-Mid ETF (TMSL), and Neuberger Berman ETF (NBSM) as potential entry points. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith

Yahoo Finance Video 17 hours ago

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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.

Yahoo Finance yesterday

^GSPC

^DJI
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

Yahoo Finance Video 22 hours ago

^SPX

^GSPC
Large-cap value stocks will lead market in 2025: BofA strategist

A few big names have led the market (^DJI,^GSPC, ^IXIC) higher in 2024, but as investors consider their strategy for the near year, can these same names lead 2025? Bank of America Securities head of US equity strategy and US quantitative strategy Savita Subramanian sits down with Julie Hyman and Josh Lipton on Market Domination to share her market outlook for 2025 and explain why she believes large-cap value stocks will lead the way. Subramanian's team at BofA currently hold a 6,666 year-end price target for the S&P 500 in 2025. "When you look at the market, the S&P itself is a tale of two stories," Subramanian says," explaining, "You've got this very top-heavy benchmark where there's a few really expensive tech companies that have been leading the market, and then you've got the rest of the S&P 500 where the average stock is trading at, I think, close to the deepest discount we've seen in the history of our data relative to the index." The strategist says she's bullish about the S&P 500 in the long term because "despite the fact that inflation went from negative to 9% to 3%, I mean, you would have thought we'd see some kind of hiccup in margins, but corporates did what they usually do, which is when they realize that things are getting more expensive, they focus on efficiency." Looking to 2025, Subramanian says, "I think we're going to see large-cap value stocks really crush it," outlining that "large-cap value is under the radar." "Think about what's in large-cap value. It's big regulated companies that are going to get a break under a regulatory light administration. That's one thing we know about the red sweep and a Trump 2.0 cycle, the strategist says, highlighting energy, industrials, materials, and real estate as sectors to benefit. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan.

Yahoo Finance Video 23 hours ago

^GSPC

^IXIC

CBEAX
Mesoblast's Cell Therapy Treatment For Graft Versus Host Disease Gets FDA Approval, Stock Surges

On Wednesday, the FDA approved Mesoblast Limited’s (NASDAQ:MESO) Ryoncil (remestemcel-L) as the first mesenchymal stromal cell (MSC) therapy in the U.S. Ryoncil is the only MSC therapy approved in the U.S. for any indication and the only therapy for steroid-refractory acute graft versus host disease (SR-aGvHD) in children 2 months and older, including adolescents. Ryoncil contains MSCs, a type of cell that can have various roles in the body and can differentiate into multiple other types of cell

Benzinga 4 minutes ago

MSB.AX
Trending tickers: Nvidia, Micron, Coinbase, Nissan and Severn Trent

The latest investor updates on stocks that are trending on Thursday.

Yahoo Finance UK 7 minutes ago

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CUK

CUKPF
Snow Lake Energy Announces Pricing of Public Offering

Winnipeg, Manitoba--(Newsfile Corp. - December 19, 2024) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake" or the "Company"), a uranium exploration company, today announced the pricing of a best efforts public offering of 15,750,000 common shares at a public offering price of $0.41 per share, for gross proceeds of approximately $6.45 million, before deducting placement agent fees and offering expenses. All of the common shares are being offered by ...

Newsfile 12 minutes ago

LITM
Micron slumps as bleak quarterly forecast clouds AI-related boost

Micron Technology shares plummeted 15% in premarket trading on Thursday following a dismal forecast that signaled a squeeze from weak demand for personal computers and smartphones, overshadowing a solid lift from sales of AI-related chips. The market for dynamic random-access memory (DRAM) chips, the company's biggest revenue generator, has remained under pressure since the end of the pandemic amid a lingering supply glut. Morgan Stanley analysts said the DRAM market appeared unhealthy and is slowly deteriorating, with the biggest weakness in the older technologies, typically indicating oversupply.

Reuters 20 minutes ago

MU
Could Buying British American Tobacco Stock Today Set You Up for Life?

There are some very good reasons to think that British American Tobacco (NYSE: BTI) could set you up with a lifetime of income. The question you need to ask as you do that is this: Is the risk of owning British American Tobacco worth taking on? What does British American Tobacco do?

Motley Fool 21 minutes ago

BTI

^GSPC
Stock Market Today: Stocks bounce from hawkish Fed rate cut slump

The S&P 500 suffered its biggest post-Fed decision slide on record Wednesday.

TheStreet 44 minutes ago

^GSPC

^FTSE

^DJI
Wall Street Fear Index Dives as Fed Worries Ease

The market's best-known fear gauge was sliding on Thursday, signaling that the previous session's big selloff isn't rattling investors too much. The Cboe Volatility Index, which trades under the ticker VIX and tracks S&P 500 options contracts, dropped 25% to about 21 in early trading.

Barrons.com 1 hour ago

^GSPC
These Stocks Are Moving the Most Today: Micron, Tesla, Lennar, Quantum Computing, Palantir, FedEx, and More

Micron stock tumbles after the maker of memory chips issues a weak second-quarter outlook, Tesla shares claw back some losses from Wednesday, and Lennar’s quarterly earnings and revenue fall from a year earlier. FedEx and Nike are scheduled to report earnings later Thursday.

Barrons.com 1 hour ago

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MU

LEN-B
Billionaire Israel Englander Sells Apple Stock and Buys an Index Fund That Could Soar 180%, According to a Wall Street Analyst

Israel Englander is the CEO of Millennium Management, the second most profitable hedge fund in history as measured by net gains since inception, according to LCH Investment. In total, Millennium owns more than 6,000 stocks, index funds, and options, but Englander downsized one of his largest positions in the third quarter. Specifically, he sold 11.5 million shares of Apple (NASDAQ: AAPL), reducing his stake by 90%.

Motley Fool 1 hour ago

AAPL

^GSPC

SPY
Micron Stock Tumbles After Earnings Beat. What’s Driving the Fall.

Micron stock fell sharply Wednesday after the company forecast disappointing revenue for its current quarter.

Barrons.com 1 hour ago

MU
Wall Street Traders Rush for Exit After Fed’s Rate-Cut Shift

(Bloomberg) -- Almost exactly one year after sparking a furious rally in financial markets, Federal Reserve Chair Jerome Powell did the exact opposite on Wednesday, staking out a cautious view on interest-rate cuts in 2025 that stunned investors.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousListen to the Here’s Why podcast on Apple, Spotify or anywhere you listen.Stocks tumbled 3% and bonds plunged too, sending yields on benchmark 10-year Treasuries to th

Bloomberg 1 hour ago

^GSPC

Performance Overview

Return	PSGYO.IS	BIST 100
YTD	-7.33%	+32.06%
1-Year	-5.56%	+26.63%
3-Year	+71.78%	+373.27%

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Performance Overview