Wall St rebounds after Fed's unexpected rate cut projections, indexes gain, market volatility eases

From Investing.com: 2024-12-19 12:02:02

Wall Street rebounds after Fed’s unexpected interest rate cut projections, with indexes gaining. Fed now expects two 25 basis point cuts in 2025, raising inflation expectations. Traders now predict one rate reduction by mid-2025. S&P 500 hits near one-month low. Dow set to end ten-session losing streak. Megacap and growth stocks recover, with Tesla and Alphabet leading. Market volatility eases. U.S. economy grows faster than expected in Q3. Jobless claims fall more than expected. Micron slumps 17%, Accenture gains 7.2%, Lennar sheds 4.5%, Vertex Pharmaceuticals tumbles 10.2%. Market advances outnumber decliners. S&P 500 and Nasdaq post new highs and lows.



Read more at Investing.com: Wall St rebounds after Fed’s hawkish cut triggers selloff By Reuters