Loading stock data...

Stock Market Falls As Traders Reassess Rate Cut Bets Following New Economic Data Release

  • Stock
  • December 30, 2024

Here’s a summary of the news articles:

Economy and Markets

  • Job openings rose more than expected in November, with 8.1 million jobs available at the end of the month.
  • The ISM Services Index decreased in December, indicating slower economic growth.
  • The Federal Reserve may not cut interest rates as soon as previously thought, with traders now seeing a less than 50% chance of a rate cut before June.

Stocks

  • US stocks opened higher on Tuesday, led by Nvidia’s rally after its CEO unveiled AI superchip and robotics technology at CES.
  • The S&P 500 rose 0.3%, while the Dow Jones Industrial Average gained 0.3%.
  • The Nasdaq Composite added around 0.2%.

Technology

  • Nvidia’s stock surged as much as 2.5% in premarket trading after CEO Jensen Huang’s keynote at CES.
  • Huang unveiled a flurry of updates on upcoming Nvidia products, including AI superchip and robotics technology.

Other News

  • Cal-Maine Foods (CALM) will report earnings today.
  • Shutterstock and Getty Images will merge to become a $3.7 billion visual content company.
  • Disney was willing to pay up for Fubo in its quest to launch a new sports streamer.
  • Meta elected UFC CEO Dana White, two others to its board.

Let me know if you’d like me to summarize any specific article or provide more information on a particular topic!

  • Related Posts

    Q3 Earnings Highlights: FormFactor (NASDAQ:FORM) Compared to Other Semiconductor Manufacturing Stocks
    • February 19, 2025
    Continue reading

    You Missed

    Fed’s High-Rate Policy: Why GF Star Group Is Betting Big on Alternatives

    • August 19, 2025
    Fed’s High-Rate Policy: Why GF Star Group Is Betting Big on Alternatives

    BTC Price Nears $90K This Week — Top 5 Key Points About Bitcoin

    • April 1, 2025
    BTC Price Nears $90K This Week — Top 5 Key Points About Bitcoin

    Statistics Canada has updated its CPI basket to give increased weight to food items in inflation calculations.

    • March 31, 2025
    Statistics Canada has updated its CPI basket to give increased weight to food items in inflation calculations.

    Auto-Generated Audio for Video

    • March 31, 2025
    Auto-Generated Audio for Video

    Popular stocks trending now: Tesla, Bitcoin, Sangamo, and Endeavour

    • March 31, 2025
    Popular stocks trending now: Tesla, Bitcoin, Sangamo, and Endeavour

    Web3 creator platform Oh raises $4.5 million for AI-Based Digital Influencers

    • March 30, 2025
    Web3 creator platform Oh raises $4.5 million for AI-Based Digital Influencers