Carlos Peixoto Batista
Edited
Hello resilient people! πŸ“‰ Market Recap – December 18, 2024 $NSDQ100 $SPX500 $DJ30 The U.S. stock market saw sharp declines following the Federal Reserve's latest decisions. Here's what happened: πŸ”” Federal Reserve Actions: πŸ“‰ Reduced benchmark interest rates by 0.25% to 4.25%–4.50%. 🚨 Signaled only 2 rate cuts in 2025, less than the expected 4. πŸ“Š Market Indices Performance: . Dow Jones: ⬇️ -1,123.03 points (-2.6%) πŸ“‰, closing at 42,326.87 (10-day losing streak, longest since 1974). . S&P 500: ⬇️ -2.96%. . Nasdaq Composite: ⬇️ -3.62%. πŸ’Ό Sector Impact: 🏠 Real estate and πŸš— consumer discretionary sectors hit hardest. Major companies like Tesla and Amazon faced steep declines. πŸ“ˆ Economic Indicators: Fed projects: Higher πŸ“Š economic growth. Stronger πŸ’Ό labor market. Increased πŸ”₯ inflation. Slower πŸ’Έ rate cuts. πŸ›‘ Key Takeaway: The Fed's cautious outlook is reshaping market expectations for 2025, fueling investor uncertainty. Stay tuned for updates! πŸ’‘
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