Day: December 18, 2024

Dow futures are little changed after index drops 1,100 points in 10th straight loss: Live updates
World

Dow futures are little changed after index drops 1,100 points in 10th straight loss: Live updates

Traders work on the New York Stock Exchange (NYSE) floor in New York City.  Spencer Platt | Getty Images Stock futures were little changed Wednesday night as investors digested a new, sobering reality for financial markets. Trading was volatile after the regular session’s panic surrounding the Federal Reserve’s revised outlook for interest rates next year. Futures […]

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Wall Street has mixed feelings toward European stocks for 2025. Here are their big calls
World

Wall Street has mixed feelings toward European stocks for 2025. Here are their big calls

Major investment banks are presenting varied outlooks for European equities in 2025, with predictions ranging from modest gains to significant upside potential amid concerns about global growth and trade tensions. .STOXX YTD line Goldman Sachs Goldman Sachs lowered its expectations for European stocks, with strategist Sharon Bell forecasting a 12-month price target of 530 for […]

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Micron shares plunge on weak second-quarter guidance
World

Micron shares plunge on weak second-quarter guidance

Sanjay Mehrotra, CEO of Micron Technology Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 26, 2024.  Brendan Mcdermid | Reuters Micron shares plunged 13% in extended trading on Wednesday after the chipmaker issued weak second-quarter guidance despite an earnings beat […]

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Tesla shares sink 8%, giving up some gains from post-election pop
Technology

Tesla shares sink 8%, giving up some gains from post-election pop

A Tesla Cybertruck is parked outside of a dealership on November 14, 2024 in Austin, Texas. Brandon Bell | Getty Images Tesla shares sank more than 8% on Wednesday, notching their steepest drop since before Donald Trump’s election victory last month, which sparked a sharp rally in the stock. Tesla closed at $440.13, and is […]

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Trump joins Elon Musk in opposing House GOP’s government funding bill
World

Trump joins Elon Musk in opposing House GOP’s government funding bill

Elon Musk (L) shakes hands with Republican presidential nominee, former President Donald Trump back stage during a campaign rally at the Butler Farm Show grounds on October 05, 2024 in Butler, Pennsylvania.  Anna Moneymaker | Getty Images President-elect Donald Trump on Wednesday came out against a Republican-backed government spending bill, siding with Elon Musk’s crusade […]

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This chip play is up nearly 40% in December, and its dividend is growing
World

This chip play is up nearly 40% in December, and its dividend is growing

A chip stock that’s been on a tear lately is offering investors a healthy combination of price appreciation and income. Broadcom has been in the shadow of semiconductor giant and artificial intelligence darling Nvidia this year, but December has been kind to the smaller chip company. Broadcom shares are up around 38% this month alone, […]

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10-year Treasury yield leaps to 4.5% as Fed signals caution on future rate cuts
World

10-year Treasury yield leaps to 4.5% as Fed signals caution on future rate cuts

U.S. Treasury yields jumped on Wednesday after the Federal Reserve announced its latest interest rate cut, but signaled fewer could be on the horizon. The yield on the 10-year Treasury climbed more than 11 basis points to 4.498%, hovering around the key 4.5% level in afternoon trading. The 2-year Treasury yield surged more than 10 […]

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Fed cuts by a quarter point, indicates fewer reductions ahead
World

Fed cuts by a quarter point, indicates fewer reductions ahead

WASHINGTON – The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional reductions in coming years.  In a move widely anticipated by markets, the Federal Open Market Committee cut its overnight borrowing rate to a target […]

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The Fed sees only two rate cuts in 2025, fewer than previously projected
Finance

The Fed sees only two rate cuts in 2025, fewer than previously projected

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., November 7, 2024.  Annabelle Gordon | Reuters The Federal Reserve on Wednesday projected only two quarter-point rate cuts in 2025, fewer than previously forecast, according to the […]

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Here’s what changed in the new Fed statement
Finance

Here’s what changed in the new Fed statement

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in November. Text removed from the November statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both […]

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