Stock market today: Dow, S&P 500, Nasdaq futures sink amid cratered hopes for 2025 rate cuts
Published On Jan 13, 2025, 6:54 AM
U.S. stock futures have fallen as expectations for interest rate cuts in 2025 have diminished following strong economic data. The S&P 500 futures dropped 0.8% and Nasdaq 100 futures fell 1.2%. Recent increases in Treasury yields and a rising dollar have also added to market pressure. Investors are concerned about persistent inflation and are closely watching upcoming consumer price data. Meanwhile, oil prices surged due to new sanctions on Russia, further complicating the economic outlook. Major tech stocks, including Nvidia and Tesla, have seen declines as market jitters continue.
Stock Forecasts
XLP
Positive
As inflation data comes into focus, traditionally defensive sectors may present a more attractive investment opportunity as investors seek stability amid volatility. Utilities and consumer staples could see better performance as risk appetite declines.
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