Stocks fall as bond yields rise before FOMC meeting, mixed reactions globally

From Nasdaq: 2024-12-17 11:50:53

The S&P 500, Dow Jones, and Nasdaq are all down today, with retail sales exceeding expectations. The Fed is expected to cut interest rates, impacting future policy decisions. Overseas markets show mixed results, with bond yields and inflation data influencing market trends. ECB and US stock movers also face volatility.

Interest rates are down, with T-notes reaching a 3-1/2 week low. European bond yields vary, while German economic indicators show mixed results. Expectations are high for an ECB rate cut in January. US stock movers like Marvell Technology and Affirm Holdings are down, while Tesla and ON Semiconductor see gains. Cloudflare, Pfizer, VF Corp, and Nordson also show positive movement.

Earnings reports for 12/17/2024 include Amentum Holdings Inc, Critical Metals Corp, HEICO Corp, and Worthington Enterprises Inc. Market analysis by Rich Asplund provides insights into current trends and potential impacts on various securities. Stay informed with the latest news from Barchart for a comprehensive view of the financial landscape.



Read more at Nasdaq: Stocks Retreat as Bond Yields Rise Ahead of FOMC Meeting