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.