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That's the figure that Wall Street is focusing on today as the market resumes its rally. As of this morning, it's now implied that the Federal Reserve will cut rates twice in 2025.
Indexes closed lower on Tuesday, led by a slide in tech stocks. The Nasdaq dropped almost 2%, while the Dow lost more than 150 points. Data showed strong growth in the services sector last month ...
Stock indexes closed mostly lower Tuesday as the market delivered a downbeat finish on the final day of another milestone-shattering year on Wall Street. The Dow Jones Industrial Average slipped 0 ...
The market's positive open follows four consecutive days of losses in the final trading days of 2024. Still, the S&P 500 surged 23% to notch back-to-back annual gains of over 20%.
The only stock to drag more on the market was Eli Lilly, which fell 6.6% after saying it expects to report weaker revenue for the last three months of 2024 than previously forecast.
Nvidia shares lost more than 1%, while Adobe stock fell almost 14% on a worse-than-expected revenue outlook. Tesla shares dropped 1.5% and climbing to record highs in the previous session.