{"id":48611,"date":"2024-12-23T19:28:34","date_gmt":"2024-12-23T19:28:34","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-recap-sp-500-and-nasdaq-edge-higher-dow-slips-amid-rate-cut-speculation\/48611\/"},"modified":"2024-12-23T19:28:34","modified_gmt":"2024-12-23T19:28:34","slug":"market-recap-sp-500-and-nasdaq-edge-higher-dow-slips-amid-rate-cut-speculation","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-and-nasdaq-edge-higher-dow-slips-amid-rate-cut-speculation\/48611\/","title":{"rendered":"Market Recap: S&#038;P 500 and Nasdaq Edge Higher, Dow Slips Amid Rate Cut Speculation"},"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\/market-recap-sp-500-and-nasdaq-edge-higher-dow-slips-amid-rate-cut-speculation\/48611\/#Major_Indexes_Performance\" >Major Indexes Performance<\/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\/market-recap-sp-500-and-nasdaq-edge-higher-dow-slips-amid-rate-cut-speculation\/48611\/#Market_Sentiment_and_Federal_Reserve_Outlook\" >Market Sentiment and Federal Reserve Outlook<\/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\/market-recap-sp-500-and-nasdaq-edge-higher-dow-slips-amid-rate-cut-speculation\/48611\/#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-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-and-nasdaq-edge-higher-dow-slips-amid-rate-cut-speculation\/48611\/#Major_Stock_News\" >Major Stock News<\/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\/market-recap-sp-500-and-nasdaq-edge-higher-dow-slips-amid-rate-cut-speculation\/48611\/#Market_Breadth_and_Sector_Performance\" >Market Breadth and Sector Performance<\/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\/market-recap-sp-500-and-nasdaq-edge-higher-dow-slips-amid-rate-cut-speculation\/48611\/#Global_Market_Influences\" >Global Market Influences<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-and-nasdaq-edge-higher-dow-slips-amid-rate-cut-speculation\/48611\/#Looking_Ahead\" >Looking Ahead<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Performance\"><\/span>Major Indexes Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of Monday, December 23, 2024, the U.S. stock market showed mixed performance in a holiday-shortened week. <b>The <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> (^GSPC) gained 0.55% to 5,963.39, while the Nasdaq Composite (^IXIC) rose 0.90% to 19,748.39<\/b>. However, <b>the <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (^DJI) slipped 0.04% to 42,824.66<\/b>. This choppy trading session comes after a recent rally fueled by optimism about potential interest rate cuts in 2025.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Sentiment_and_Federal_Reserve_Outlook\"><\/span>Market Sentiment and Federal Reserve Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are closely monitoring the Federal Reserve&#8217;s stance on interest rates. <b>Money markets currently anticipate approximately two 25-basis-point rate reductions in 2025<\/b>, which would bring the benchmark rate to a range of 3.75% to 4.0%. This expectation is slightly more conservative than previous projections, reflecting the Fed&#8217;s recent forecast of fewer rate cuts than initially anticipated.<\/p>\n<p>A cooler-than-expected inflation report released last Friday provided some relief to the markets, helping U.S. stocks recoup some of their recent losses. However, overall market sentiment remains cautious, as noted by Thierry Wizman, strategist at Macquarie.<\/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>With the holiday season in full swing, this week&#8217;s economic calendar is relatively light. <b>U.S. stock markets will close early on Tuesday and remain shut for Christmas on Wednesday<\/b>. Investors should keep an eye on the following:<\/p>\n<p>1. Federal Reserve minutes: While no Fed speeches are scheduled, minutes from recent central bank meetings are due this week.<br \/>2. Secondary U.S. economic data releases.<br \/>3. The potential for a &#8220;Santa Claus Rally&#8221;: Historically, the last five trading days of the year and the first two of the following year have yielded an average S&#038;P 500 gain of 1.3%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Major_Stock_News\"><\/span>Major Stock News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several notable stocks made headlines on Monday:<\/p>\n<p>1. <b>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>)<\/b>: The chipmaker&#8217;s shares rose 3.25%, contributing to the Nasdaq&#8217;s positive performance.<br \/>2. <b>Meta Platforms (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=META\">META<\/a>)<\/b>: The tech giant saw a 1.4% increase in its stock price.<br \/>3. <b>Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>)<\/b>: The world&#8217;s most valuable company inched closer to a $4 trillion market capitalization, currently standing at $3.84 trillion.<br \/>4. <b>Qualcomm (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=QCOM\">QCOM<\/a>)<\/b>: Shares climbed 1.7% after a favorable jury decision in a licensing dispute with Arm Holdings.<br \/>5. <b>Eli Lilly (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=LLY\">LLY<\/a>)<\/b>: The pharmaceutical company gained 1.7% following FDA approval of its weight-loss treatment, Zepbound, for obstructive sleep apnea.<br \/>6. <b>Walmart (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=WMT\">WMT<\/a>)<\/b>: The retail giant&#8217;s stock fell 3.3% amid accusations from a U.S. consumer finance watchdog regarding junk fees imposed on delivery drivers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Breadth_and_Sector_Performance\"><\/span>Market Breadth and Sector Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Market breadth leaned negative, with declining issues outnumbering advancers. <b>On the <a href=\"https:\/\/stockmarketwatch.com\/exchanges\/nyse\/today\" data-internallinksmanager029f6b8e52c=\"2\" title=\"NYSE Today\">NYSE<\/a>, the ratio was 2.56-to-1, while on the Nasdaq, it was 1.91-to-1<\/b>. The S&#038;P 500 posted two new 52-week highs and 11 new lows, while the Nasdaq Composite recorded 35 new highs and 86 new lows.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Market_Influences\"><\/span>Global Market Influences<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Asian markets rallied earlier in the day, with Japan&#8217;s Nikkei gaining 0.7% and South Korea&#8217;s KOSPI firming 0.9%. This positive sentiment was partially driven by the benign U.S. inflation reading and relief over the averted government shutdown in Washington.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead\"><\/span>Looking Ahead<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As we approach the end of 2024, investors should remain vigilant about several factors:<\/p>\n<p>1. The Federal Reserve&#8217;s rate cut trajectory and its impact on various asset classes.<br \/>2. Potential market volatility due to thin holiday trading volumes.<br \/>3. Ongoing geopolitical tensions and their effects on global trade and economies.<br \/>4. The performance of key sectors, particularly technology and healthcare, which have shown resilience in recent trading sessions.<\/p>\n<p>In conclusion, while the market shows signs of optimism, caution remains the watchword as investors navigate the complex interplay of economic data, central bank policies, and global events shaping the financial landscape as we move into 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Performance As of Monday, December 23, 2024, the U.S. stock market showed mixed performance in a holiday-shortened week. 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