On December 12, 2024, Wall Street closed lower as investors evaluated economic indicators ahead of the Federal Reserve meeting. The Dow Jones, S&P 500, and Nasdaq Composite all posted losses, with Adobe leading tech sector declines due to a weak revenue forecast. While producer prices rose more than expected, service costs signaled disinflation. Investors remain cautious as unemployment claims unexpectedly climbed, raising concerns about labor-market resilience, with markets still anticipating a 25-basis-point rate cut next week.
Category: Daily Market Snapshot
Daily Market Snapshot: December 11, 2024
On December 11, 2024, the Nasdaq Composite surged above 20,000 points, setting a new milestone as tech stocks rallied on optimism about a potential Federal Reserve rate cut. The S&P 500 gained, while the Dow Jones dipped, dragged by losses in the healthcare sector. Key stocks like Nvidia, Tesla, and Broadcom posted strong gains, while new legislation targeting pharmacy benefit managers weighed on healthcare shares. An in-line inflation report reassured investors, supporting a bullish sentiment ahead of next week’s Fed meeting.
Daily Market Snapshot: December 09, 2024
On December 9, 2024, the U.S. stock market closed higher, with the Dow Jones, S&P 500, and Nasdaq all finishing in the green. Strong performances in technology stocks, led by Nvidia and Apple, pushed the market up, while healthcare stocks also saw solid gains. The market responded positively to the latest Non-Farm Payrolls data and signs of stable consumer spending, although concerns about inflation persist. The positive sentiment from earnings reports is tempered by worries over rising prices, with investors keenly awaiting upcoming economic data.
Daily Market Snapshot: December 05, 2024
On December 5, 2024, the U.S. stock market closed mixed, with the Dow Jones posting a modest gain while the S&P 500 and Nasdaq Composite saw declines. The market reacted to the latest Non-Farm Payrolls report, which showed steady job growth but raised concerns over rising wages and inflation. The technology sector led the losses, with stocks like Nvidia and Apple falling. Investors remain cautious ahead of upcoming inflation data and continue to monitor geopolitical risks that could impact global markets.
Daily Market Snapshot: December 04, 2024
On December 4, 2024, the U.S. stock market closed lower, with all major indices in the red. The Dow Jones Industrial Average, S&P 500, and Nasdaq saw declines as investors became cautious ahead of key economic reports, including the November Non-Farm Payrolls and inflation data. The technology sector led the losses, while defensive sectors like utilities showed strength. Geopolitical tensions in Eastern Europe and concerns about consumer discretionary spending also weighed on market sentiment.
Daily Market Snapshot: December 02, 2024
Overview: On Monday, December 2, 2024, the U.S. stock market closed higher, driven by optimism in the tech sector and a rebound in small-cap stocks. […]
Daily Market Snapshot: November 27, 2024
Overview On Wednesday, November 27, 2024, Wall Street stocks ended lower, with the Nasdaq Composite leading the declines, as technology stocks stumbled ahead of the […]
Daily Market Snapshot: November 26, 2024
On November 26, 2024, U.S. stocks climbed as the S&P 500 hit a record high, led by tech stocks like Microsoft and Apple. Trade tensions re-emerged with Trump’s tariff proposals, dragging down automakers like GM, while Amgen’s drug trial weighed on healthcare.
Daily Market Snapshot: November 21, 2024
On November 21, 2024, U.S. stocks posted mixed results as Nvidia hit a record high before retreating, while Bitcoin surged to $98,005. The Dow gained over 1% on defensive sector strength, while Alphabet’s antitrust woes weighed on communication services.
Daily Market Snapshot: November 20, 2024
On November 20, 2024, U.S. stocks ended mixed as geopolitical tensions and Target’s weak holiday sales forecast weighed on sentiment. While the Dow rose on defensive gains, the Nasdaq slipped as Nvidia and tech stocks declined ahead of earnings.
