Equity Markets Lower After Fed Policy Outlook

MT Newswires Live2024-12-19

US benchmark equity indexes were on track to close lower Wednesday after the Federal Reserve reduced its benchmark lending rate by 25 basis points and flagged fewer cuts ahead than projected in September.

The Nasdaq Composite was down 3.2% at 19,476.3, while the S&P 500 fell 2.3% to 5,909.9. The Dow Jones Industrial Average dropped 1.9% to 42,629.3. All sectors were lower, led by consumer discretionary.

The central bank's Federal Open Market Committee cut interest rates to a range of 4.25% to 4.50%, in line with Wall Street's expectations.

The FOMC's updated Summary of Economic Projections showed that members raised their median federal funds rate outlook for 2025 to 3.9% from 3.4% projected in September. The rate projection was increased to 3.4% from 2.9% for 2026 and to 3.1% from 2.9% for 2027.

The US 10-year yield surged 11.9 basis points to 4.50%, while the two-year rate jumped 11.1 basis points to 4.35%.

West Texas Intermediate crude oil was up 0.2% at $70.22 a barrel.

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/2492478159?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-19 04:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492478159","market":"sh","top_or_hot":-1,"title":"Equity Markets Lower After Fed Policy Outlook","media":"MT Newswires Live","content":"<html><body><p> US benchmark equity indexes were on track to close lower Wednesday after the Federal Reserve reduced its benchmark lending rate by 25 basis points and flagged fewer cuts ahead than projected in September.</p><p>The Nasdaq Composite was down 3.2% at 19,476.3, while the S&amp;P 500 fell 2.3% to 5,909.9. The Dow Jones Industrial Average dropped 1.9% to 42,629.3. All sectors were lower, led by consumer discretionary.</p><p>The central bank's Federal Open Market Committee cut interest rates to a range of 4.25% to 4.50%, in line with Wall Street's expectations.</p><p>The FOMC's updated Summary of Economic Projections showed that members raised their median federal funds rate outlook for 2025 to 3.9% from 3.4% projected in September. The rate projection was increased to 3.4% from 2.9% for 2026 and to 3.1% from 2.9% for 2027.</p><p>The US 10-year yield surged 11.9 basis points to 4.50%, while the two-year rate jumped 11.1 basis points to 4.35%.</p><p>West Texas Intermediate crude oil was up 0.2% at $70.22 a barrel.</p></body></html>","source":"mtnewswires_news","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>Equity Markets Lower After Fed Policy Outlook</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\">\nEquity Markets Lower After Fed Policy Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-19 04:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>US benchmark equity indexes were on track to close lower Wednesday after the Federal Reserve reduced its benchmark lending rate by 25 basis points and flagged fewer cuts ahead than projected in ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">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":".DJI","symbol_name":"道琼斯","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2492478159","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492478159","pubTimestamp":1734555003,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"US benchmark equity indexes were on track to close lower Wednesday after the Federal Reserve reduced its benchmark lending rate by 25 basis points and flagged fewer cuts ahead than projected in September.The Nasdaq Composite was down 3.2% at 19,476.3, while the S&P 500 fell 2.3% to 5,909.9. The Dow Jones Industrial Average dropped 1.9% to 42,629.3. All sectors were lower, led by consumer discretionary.The central bank's Federal Open Market Committee cut interest rates to a range of 4.25% to 4.50%, in line with Wall Street's expectations.The FOMC's updated Summary of Economic Projections showed that members raised their median federal funds rate outlook for 2025 to 3.9% from 3.4% projected in September. The rate projection was increased to 3.4% from 2.9% for 2026 and to 3.1% from 2.9% for 2027.The US 10-year yield surged 11.9 basis points to 4.50%, while the two-year rate jumped 11.1 basis points to 4.35%.West Texas Intermediate crude oil was up 0.2% at $70.22 a barrel.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{".DJI":"道琼斯","PSQ":"纳指反向ETF",".SPX":"S&P 500 Index","TSYW.SI":"TESLA 3xLongSG261006","DOG":"道指反向ETF",".IXIC":"NASDAQ Composite","SQQQ":"纳指三倍做空ETF","QLD":"纳指两倍做多ETF","EQR":"资产住宅公司","USJW.SI":"ALPHAB 3xLongSG261006","USAW.SI":"AMZN 3xLongSG261006","BK4215":"住宅房地产投资信托","DJX":"1/100道琼斯","BK4585":"ETF&股票定投概念","UDOW":"道指三倍做多ETF-ProShares","DDM":"道指两倍做多ETF","DXD":"道指两倍做空ETF","BK4588":"碎股","QID":"纳指两倍做空ETF","NVIW.SI":"NVDA 3xLongSG261006","TQQQ":"纳指三倍做多ETF","SDOW":"道指三倍做空ETF-ProShares"},"translate_title":"美联储政策前景公布后股市走低","themeId":"9b3d961f5cf09d7986ef0ce9778cde65","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"US10Y.BOND":1,"US12M.BOND":1,"US2Y.BOND":1,"EQR":1,"US7Y.BOND":1,"US6M.BOND":1,"US5Y.BOND":1,"US3Y.BOND":1,"US30Y.BOND":1,".IXIC":0.9,".DJI":0.9,".SPX":0.9,"USAW.SI":0.6,"USJW.SI":0.6,"UDOW":0.6,"TSYW.SI":0.6,"TQQQ":0.6,"SQQQ":0.6,"SDOW":0.6,"QLD":0.6,"QID":0.6,"PSQ":0.6,"NVIW.SI":0.6,"NQmain":0.6,"MNQmain":0.6,"DXD":0.6,"DOG":0.6,"DJX":0.6,"DDM":0.6},"content_text":"US benchmark equity indexes were on track to close lower Wednesday after the Federal Reserve reduced its benchmark lending rate by 25 basis points and flagged fewer cuts ahead than projected in September.The Nasdaq Composite was down 3.2% at 19,476.3, while the S&P 500 fell 2.3% to 5,909.9. The Dow Jones Industrial Average dropped 1.9% to 42,629.3. All sectors were lower, led by consumer discretionary.The central bank's Federal Open Market Committee cut interest rates to a range of 4.25% to 4.50%, in line with Wall Street's expectations.The FOMC's updated Summary of Economic Projections showed that members raised their median federal funds rate outlook for 2025 to 3.9% from 3.4% projected in September. The rate projection was increased to 3.4% from 2.9% for 2026 and to 3.1% from 2.9% for 2027.The US 10-year yield surged 11.9 basis points to 4.50%, while the two-year rate jumped 11.1 basis points to 4.35%.West Texas Intermediate crude oil was up 0.2% at $70.22 a barrel.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","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":"4.30.2","shortVersion":"4.30.2","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/2492478159"}