Stock futures are little changed as Wall Street gears up for potential Fed rate cut this week
Published On Dec 15, 2024, 6:03 PM
Stock futures showed little change as Wall Street prepares for a significant meeting of the Federal Reserve, where a rate cut is expected. The Dow has been struggling, losing 1.8% last week, continuing a streak of declines. The broader market rally appears to be narrowing, becoming concentrated in a few tech stocks, which has raised concerns about sustainability. This week, economic data will also be released, including purchasing managers' index readings, which could influence market movements. Additionally, Microstrategy's shares may be affected as it has been added to the Nasdaq 100 index.
Stock Forecasts
SPY
Positive
Given the anticipation of a Federal Reserve rate cut, which is generally positive for stocks, the market could see a slight uptick. However, with the Dow's recent decline and the narrowing breadth of the rally, investors should be cautious as a correction might be on the horizon, particularly if the market reacts negatively to the Fed's decisions or economic data releases.
Related News
The final Fed meeting of 2024 awaits: What to know this week
Dec 15, 2024, 7:45 AM
Investors will be closely watching for any hints on how much further the Federal Reserve plans to lower interest rates in 2025.
This week in Bidenomics: Don’t fumble the handoff
Dec 14, 2024, 10:00 AM
Biden claims he's leaving Trump a booming economy. But there's no guarantee it isn't booby-trapped.
You don’t need to be a ‘Silicon Valley entrepreneur' to be rich, financial advisor says. Here's how to retire a millionaire
Dec 13, 2024, 2:13 PM
Almost anyone can build a nest egg of $1 million or more, especially if they start saving early.