{"id":48601,"date":"2024-12-20T15:28:27","date_gmt":"2024-12-20T15:28:27","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-indexes-slide-as-government-shutdown-looms-and-inflation-data-improves\/48601\/"},"modified":"2024-12-20T15:28:27","modified_gmt":"2024-12-20T15:28:27","slug":"stock-market-today-indexes-slide-as-government-shutdown-looms-and-inflation-data-improves","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-indexes-slide-as-government-shutdown-looms-and-inflation-data-improves\/48601\/","title":{"rendered":"Stock Market Today: Indexes Slide as Government Shutdown Looms and Inflation Data Improves"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-indexes-slide-as-government-shutdown-looms-and-inflation-data-improves\/48601\/#Market_Overview_December_20_2024\" >Market Overview: December 20, 2024<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-indexes-slide-as-government-shutdown-looms-and-inflation-data-improves\/48601\/#Major_Market_Indexes_Performance\" >Major Market Indexes Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-indexes-slide-as-government-shutdown-looms-and-inflation-data-improves\/48601\/#Key_Economic_Data_and_Market_Drivers\" >Key Economic Data and Market Drivers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-indexes-slide-as-government-shutdown-looms-and-inflation-data-improves\/48601\/#Major_Stock_News_and_Corporate_Developments\" >Major Stock News and Corporate Developments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-indexes-slide-as-government-shutdown-looms-and-inflation-data-improves\/48601\/#Upcoming_Market_Events\" >Upcoming Market Events<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-indexes-slide-as-government-shutdown-looms-and-inflation-data-improves\/48601\/#Market_Outlook\" >Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Overview_December_20_2024\"><\/span>Market Overview: December 20, 2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of Friday, December 20, 2024, the stock market is experiencing a downturn amid concerns over a potential partial government shutdown and the release of key inflation data. <b>The <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a>, Nasdaq Composite, and <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average are all trading lower<\/b>, reflecting investor unease in the face of political uncertainty and economic indicators .<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Major_Market_Indexes_Performance\"><\/span>Major Market Indexes Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of the latest reports:<br \/>&#8211; The S&#038;P 500 (^GSPC) is down approximately 0.4%<br \/>&#8211; The Nasdaq Composite (^IXIC) is leading the decline with a 0.8% drop<br \/>&#8211; The Dow Jones Industrial Average (^DJI) has slipped about 0.1%<\/p>\n<p>These movements come after the Dow Jones broke a 10-day losing streak on Thursday, highlighting the volatile nature of the current market .<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Economic_Data_and_Market_Drivers\"><\/span>Key Economic Data and Market Drivers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Inflation Data:<\/b> The Personal Consumption Expenditures (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PCE\">PCE<\/a>) index, the Federal Reserve&#8217;s preferred inflation gauge, was released this morning. The data showed that inflation rose 2.4% year-over-year in November, up from 2.3% in October. However, the core PCE Price Index, which excludes food and energy, remained steady at 2.8% year-over-year .<\/p>\n<p><b>Government Shutdown Concerns:<\/b> A House Republican deal for a three-month federal funding plan, endorsed by President-elect Donald Trump, failed on Thursday night. This development has increased the likelihood of a partial government shutdown beginning late Friday, adding to market uncertainty .<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Major_Stock_News_and_Corporate_Developments\"><\/span>Major Stock News and Corporate Developments<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>1. <b>Novo Nordisk (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVO\">NVO<\/a>):<\/b> Shares of the Danish pharmaceutical giant are plummeting 19% in <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">premarket<\/a> trading after disappointing test results for its experimental obesity shot CagriSema .<\/p>\n<p>2. <b>Eli Lilly (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=LLY\">LLY<\/a>):<\/b> In contrast to Novo Nordisk&#8217;s decline, Eli Lilly&#8217;s stock is surging 5%, benefiting from its rival&#8217;s setback in the weight loss drug market .<\/p>\n<p>3. <b>FedEx (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=FDX\">FDX<\/a>):<\/b> The shipping company&#8217;s stock is up 8% in <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">premarket<\/a> trading following the announcement of plans to spin off its Freight unit into a standalone company .<\/p>\n<p>4. <b>Nike (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NKE\">NKE<\/a>):<\/b> Shares are falling after the sneaker giant warned that current-quarter revenue could drop by more than 10% due to deep discounting and inventory challenges .<\/p>\n<p>5. <b>Amazon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMZN\">AMZN<\/a>):<\/b> Workers across seven facilities in multiple states went on strike Thursday, pressuring the e-commerce giant during the peak holiday shopping season .<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events\"><\/span>Upcoming Market Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors should keep an eye on the following events that could impact market performance in the coming days:<\/p>\n<p>1. Ongoing negotiations to prevent a government shutdown<br \/>2. Further analysis of the PCE index data and its implications for Federal Reserve policy<br \/>3. Holiday shopping season performance, particularly for major retailers like Amazon and Nike<br \/>4. Year-end trading patterns as 2024 comes to a close<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook\"><\/span>Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As we approach the end of 2024, the stock market faces several challenges. The potential government shutdown, persistent inflation concerns, and corporate performance issues are creating a complex environment for investors. <b>While the market has shown resilience throughout the year, the current uncertainties may lead to increased volatility in the short term<\/b>.<\/p>\n<p>Investors are advised to stay informed about political developments, economic indicators, and company-specific news as they navigate these turbulent market conditions. As always, diversification and a long-term perspective remain crucial strategies for managing risk in the ever-changing stock market landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: December 20, 2024 As of Friday, December 20, 2024, the stock market is experiencing a downturn amid concerns [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[94],"tags":[337,391,1032,1160,3744,3749],"class_list":["post-48601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-lly","tag-amzn","tag-fdx","tag-nke","tag-nvo","tag-pce"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/48601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=48601"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/48601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=48601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=48601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=48601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}