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DJIA

43717.48

-110.58

S&P 500

6074.08

22.99

NASDAQ

20173.89

247.17

Russell 2000

2361.99

15.10

U.S. 10 Yr

4.435

0.030

VIX

15.17

0.48

Bitcoin

107453.93

1570.48

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0.09

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SEE LATEST UPDATES

LIVE UPDATES | CONCLUDED


STOCK MARKET NEWS FOR MONDAY, DEC. 16, 2024: DOW FALLS WHILE NASDAQ HITS A
RECORD


THE S&P 500 AND NASDAQ ROSE TO START THE LAST FULL TRADING WEEK OF THE YEAR.

Last Updated: 

Dec. 16, 2024 at 4:11 PM EST


KEY EVENTS

18 hours ago

--------------------------------------------------------------------------------

NASDAQ TRACKS RECORD AS DOW FALLS FOR AN EIGHTH-STRAIGHT SESSION

20 hours ago

--------------------------------------------------------------------------------

THESE STOCKS ARE MOVING THE MOST TODAY

22 hours ago

--------------------------------------------------------------------------------

STOCKS RISING AS DOW TRIES TO SNAP 7-DAY LOSING STREAK

23 hours ago

--------------------------------------------------------------------------------

DOLLAR EXPECTED TO REMAIN STRONG AGAINST MAJOR CURRENCIES

23 hours ago

--------------------------------------------------------------------------------

TREASURY YIELDS DECLINE AS MARKETS AWAIT FED CUT

1 day ago

--------------------------------------------------------------------------------

STOCK FUTURES RISE AS DOW LOOKS TO SNAP 7-DAY LOSING STREAK

1 day ago

--------------------------------------------------------------------------------

CHINA STOCKS FALL AFTER WEAK RETAIL SALES DATA

1 day ago

--------------------------------------------------------------------------------

XRP PRICE SLIPS. WHY THE CRYPTO RALLY ISN’T OVER.

1 day ago

--------------------------------------------------------------------------------

FRENCH DEBT DOWNGRADED, STOCKS DROPPING

1 day ago

--------------------------------------------------------------------------------

HOW THE NEW NASDAQ 100 STOCKS ARE TRADING




PINNED POST

16 hours ago


THE DOW DROPS FOR AN 8TH STRAIGHT DAY, WHILE NASDAQ SETS A RECORD

By

Connor Smith

The Dow fell for an eighth straight session on a day the Nasdaq Composite set a
record close. That's the first time those two things have coincided since the
Nasdaq started in 1971.

The blue-chip index fell 110 points, or 0.3%. It’s riding its longest losing
streak since 2018. The Nasdaq rose 1.2% to mark its 38th record close of the
year. The S&P 500 gained 0.4%, but closed with negative breadth for the 11th
session in a row. Based on available data that goes back to Dec. 31, 1999,
that's the longest streak where more S&P stocks closed lower than higher,
according to Dow Jones Market Data.

Energy stocks were the market’s biggest laggard after WTI crude oil dropped 1%
to about $70.56 a barrel. Marathon Petroleum and Phillips 66 were among the
S&P’s worst performing stocks. Healthcare stocks, including this month’s big Dow
drag UnitedHealth, struggled, too.

The yield on the 2-year Treasury note rose to 4.246%. The 10-year yield was down
slightly at 4.397%.

It was a mostly quiet session as the markets looked ahead to this week’s Federal
Open Market Committee meeting. Though a quarter-point cut on Wednesday is still
widely anticipated by markets, central bank officials may dial back expectations
for 2025 cuts following a wave of sticky inflation reports.

After that, there may not be much to stand between Wall Street and hopes of an
end-of-year rally.

Nasdaq

COMP (Nasdaq)

20173.89247.171.24%

DJIA

DJIA (Dow Jones Global)

43717.48-110.58-0.25%

S&P 500

SPX (S&P US)

6074.0822.990.38%

Phillips 66

PSX (U.S.: NYSE)

$116.29 USD-6.43-5.24%

Marathon Petroleum Corp.

MPC (U.S.: NYSE)

$138.19 USD-7.37-5.06%
View More
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LATEST UPDATES

18 hours ago


NASDAQ TRACKS RECORD AS DOW FALLS FOR AN EIGHTH-STRAIGHT SESSION

By

Connor Smith

Your browser does not support iframes

The Nasdaq Composite is on track for a record close on the same day the Dow
could fall for its eighth consecutive session. That’s never happened before.

The Nasdaq is up 1.2% and on track to top its prior closing high of 20,034.89 to
set its 38th record of the year. The S&P 500 is up 0.5% and within striking
distance of its record close from Dec. 6. Then there’s the Dow, which is down 35
points, or 0.1%.

A lower close would mark the Dow's longest losing streak since June 21, 2018,
according to Dow Jones Market Data. Since the Nasdaq Composite’s inception in
1971, it has never closed at a record on the same day the Dow fell for an eighth
session in a row, Dow Jones Market Data said.

The Dow this month has been plagued by UnitedHealth Group, which was down
another 3.2% on Monday. It’s shaved a whopping 653 points off the Dow this month
with its 17.4% slide.

The stock has been falling since the chief executive of UnitedHealth's insurance
unit was killed in Manhattan. The shooting prompted conversations on social
media about health insurance practices. A bipartisan group of lawmakers also
introduced legislation earlier this month that would prevent firms from owning
both pharmacy benefit managers and pharmacies under the same roof.

Nasdaq

COMP (Nasdaq)

20173.89247.171.24%

S&P 500

SPX (S&P US)

6074.0822.990.38%

DJIA

DJIA (Dow Jones Global)

43717.48-110.58-0.25%

UnitedHealth Group Inc.

UNH (U.S.: NYSE)

$498.50 USD-21.98-4.22%
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Share

Updated 19 hours ago


THE DOW IS WAVERING. THE NASDAQ AND S&P LOOK A LITTLE BETTER.

By

Connor Smith

The Dow’s last full week of the year is off to a choppy start.

The blue-chip index was down 41 points, or 0.1%, after trading up 100 points
earlier in the morning. The Dow is already riding a seven-day losing streak.

The S&P 500 and Nasdaq Composite were faring better with gains of 0.4% and 1%.
Roughly 270 S&P 500 stocks were on the rise, which could snap the index’s
longest streak of negative breadth since 2000.

The yield on the 2-year Treasury note was up ot 4.249% and the 10-year yield was
up to 4.398%.

“Under-the-radar softness in the stock market was a bit more out in the open
last week,” wrote Chris Larkin, managing director of trading and investing at
E*TRADE from Morgan Stanley.

“Megacap tech names were strong, but the S&P 500 fell as nine of 11 sectors lost
ground for the week.”

On Monday, the only major S&P sectors on the decline were energy, financials,
health care, and materials. The former was down 1.5%, while the others were down
about 0.2% or less. Consumer discretionary, communication services, and real
estate were up 1.4%, 0.8%, and 0.6%, respectively.

There wasn’t much for Wall Street to go on ahead of Wednesday’s Federal Reserve
rate-cut decision.

A quarter-point cut is all but priced in, but comments from Fed Chair Jerome
Powell and forecasts for 2025 cuts from central bank officials will be watched
closely.

Sticky inflation data has the market on edge about the path forward for interest
rates.

S&P 500

SPX (S&P US)

6074.0822.990.38%

DJIA

DJIA (Dow Jones Global)

43717.48-110.58-0.25%

Nasdaq

COMP (Nasdaq)

20173.89247.171.24%
View More
Share

Updated 20 hours ago


THESE STOCKS ARE MOVING THE MOST TODAY

SUPER MICRO, MICROSTRATEGY, PALANTIR, TESLA, BROADCOM, MICRON, FORD, AND MORE

Super Micro stock will be removed from the Nasdaq 100 index while a report says
the server maker is seeking to raise capital, Palantir and MicroStrategy will
join the Nasdaq 100 and MicroStrategy gets a further boost from Bitcoin’s jump
past $106,000.

Read the full article
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22 hours ago


CAN THE S&P 500 BREAK ITS (BAD) BREADTH STREAK?

By

Connor Smith

The Dow isn’t the only major index riding a tough-luck streak: The S&P 500
hasn’t finished a day with positive breadth all month.

More S&P 500 stocks have closed lower than higher in 10 straight sessions, which
is the market benchmark’s longest streak of negative breadth since a 10-day run
in 2000.

Today’s action could change things because more than 300 stocks in the index are
set to close higher, with the S&P up 0.3%. The Dow, which has fallen in
seven-straight sessions, was up 81 points, or 0.2%.

The market’s shift toward megacap tech stocks hasn’t benefited the Dow as much
as the other major indexes because it has a lower concentration of tech stocks.

The Dow also was dragged down by a rough month for UnitedHealth Group, which is
one of the price-weighted index’s largest stocks.

If breadth improves, it could portend another solid Santa Claus rally to end the
year.

Strategists like to see strong breadth because a rally made of many stocks can
be more sustainable than one that hinges on a few key players.

Of course, we'll have to get through the Fed interest rate decision on
Wednesday.

DJIA

DJIA (Dow Jones Global)

43717.48-110.58-0.25%

S&P 500

SPX (S&P US)

6074.0822.990.38%
View More
Share

Updated 22 hours ago


STOCKS RISING AS DOW TRIES TO SNAP 7-DAY LOSING STREAK

By

Connor Smith



The stock market opened higher on Monday as the Dow Jones Industrial Average
looked to snap a seven-day losing streak.

The Dow was up 34 points, or 0.1%. The S&P 500 was up 0.3%. The Nasdaq Composite
was up 0.5%.

The yield on the 2-year Treasury note was down to 2.23%, while the 10-year yield
was down to 4.375%.

The Dow has floundered this month as a combination of weak market breadth and
struggles from some of the index’s largest stocks such as UnitedHealth have
weighed on the blue-chip index.

Wall Street has been favoring megacap technology stocks in recent weeks, which
is a reversal of a rotation into smaller stocks and underperforming sectors that
accelerated after the 2024 election.

The big event of the week will be the Federal Open Market Committee meeting,
which begins tomorrow. Though the Fed is widely expected to opt for another
quarter-point interest-rate cut, recent sticky inflation data mean Fed Chair
Jerome Powell and other central bankers may opt to dial back expectations for
cuts in 2025.

The Fed meeting represents one of the last major hurdles for the stock market
until 2025. With Wall Street already sitting on solid gains, it could be smooth
sailing through the holidays.

DJIA

DJIA (Dow Jones Global)

43717.48-110.58-0.25%

S&P 500

SPX (S&P US)

6074.0822.990.38%

Nasdaq

COMP (Nasdaq)

20173.89247.171.24%
View More
Share

23 hours ago


DOLLAR EXPECTED TO REMAIN STRONG AGAINST MAJOR CURRENCIES

By

Paulo Trevisani, Dow Jones Newswires



The dollar is likely to get support from the Fed if Wall Street's expectation of
a more hawkish tone after this week's meeting is correct.

A 25-basis-points cut Wednesday is fully priced, but analysts expect the Fed to
signal a pause afterward.

Meanwhile, sluggish growth in developed markets "is taking precedence for
policymakers and so most DM central banks remain in easing mode," BBH's Win Thin
and Elias Haddad wrote. "This global backdrop should lead to further gains for
the dollar."

The WSJ Dollar Index was hovering around recent highs as the greenback
strengthened 0.2% against the yen while weakening 0.1% to the euro.

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23 hours ago


TREASURY YIELDS DECLINE AS MARKETS AWAIT FED CUT

By

Paulo Trevisani, Dow Jones Newswires

Treasury yields were declining, while staying range-bound, ahead of an expected
25-basis-point interest rate cut by the Fed this week.

Officials will also release their economic forecasts and analysts foresee a
reduction in the estimated number of rate cuts in 2025.

Pantheon's Samuel Tombs wrote that policymakers will likely reduce their easing
projection to 75 basis points from 100bp. But Tombs sees risks to that forecast.
"The Fed is still too optimistic about the labor market; 100bp is our base case,
but inflation risk is rising."

The 10-year yield was at 4.363% and the two-year at 4.221%.

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Updated 1 day ago


STOCK FUTURES RISE AS DOW LOOKS TO SNAP 7-DAY LOSING STREAK

By

George Glover



U.S. stocks looked set to rise at the start of the final full trading week of
2024.

Futures tracking the Dow Jones Industrial Average rose 93 points, or 0.2%,
signaling that the index could snap its seven-day losing streak. Contracts tied
to the S&P 500 were also up 0.2%, while those on the Nasdaq 100 were up 0.4%.

Central banks will likely be the main story for markets this week. The Federal
Reserve is widely expected to cut interest rates by another quarter point
Wednesday, while the Bank of Japan and Bank of England will announce policy
decisions of their own on Thursday.

As the festive season ramps up it will probably be a quiet five-day stretch, but
one that could be “punctuated by bursts of activity centered around the Fed, the
BoJ, and the BoE meetings,” Deutsche Bank’s global head of macro research Jim
Reid said in a note.

Oil prices were sliding as traders weighed up how heavier U.S. sanctions on
Russia and Iran could affect crude markets. The Brent international benchmark
fell 0.3% to $74.26 a barrel, while West Texas Intermediate U.S. prices were
down 0.4% to $70.99 a barrel.

Bond yields edged up slightly over the weekend. The yield on the 10-year U.S.
Treasury note was at 4.386% early Monday, while the 2-year note was yielding
4.247%.

E-Mini Dow

YM00 (CBT)

$44048.00 USD-212.00-0.48%

E-Mini S&P 500

ES00 (CME)

$6128.50 USD-25.50-0.41%

E-Mini Nasdaq 100

NQ00 (CME)

$22342.75 USD-65.25-0.29%
View More
Share

1 day ago


CHINA STOCKS FALL AFTER WEAK RETAIL SALES DATA

By

George Glover

Data published on Monday highlighted the weaknesses in China's faltering
economy, dragging down American depositary receipts in some of the country's
best-known companies ahead of the opening bell.

The iShares MSCI China exchange-traded fund dropped 1.1% in early trading. U.S.
shares in online retailer Alibaba were down 1.6%, while rival JD.com fell 0.7%
and search engine provider Baidu slid 1%.

The losses came after data showed that retail sales growth had slowed sharply in
November, a sign that the world's second-largest economy is struggling. Beijing
has rolled out stimulus measures in recent months, but it will probably have to
up the ante to revive stagnant growth.

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