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Dow Jones Falls 800 Points Amid Fed Rate Cut Doubts
Traders cut December Federal Reserve rate cut odds to about 47%, driving a 1.35% Dow drop amid uncertainty after the longest U.S. government shutdown ended.
- On Thursday, the Dow Jones Industrial Average fell 1.35% as North America’s main stock indexes declined amid investor caution.
- Using CME Group’s FedWatch, markets trimmed December cut odds to roughly 47%, down sharply from 63% on Wednesday and 96% a month ago.
- Tech and media stocks led the selloff as the Nasdaq Composite slid 2.29%, down 536.10 points, and the S&P 500 fell 1.66%, with Nvidia , Tesla , Palantir and Walt Disney posting steep losses.
- Volatility spiked as the VIX jumped 17%, and investors rotated into defensive sectors like health care amid a backlog of delayed government data.
- The Federal Reserve Open Market Committee meets on Dec. 9 and 10, with Fed speakers expressing scepticism about another rate cut due to sticky inflation concerns.
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13 Articles
13 Articles
The three main indices of Wall Street recede on the morning of this Friday. The liquidation of technological values continues in the market, amid doubts about the publication of pending economic data in the United States, after the end of the federal government closure.The Industrial Average Dow Jones, made up of the shares of 30 giants, drops 0.83% to 47.061.76 units, while the S&P 500 index, of the most valuable companies, loses 0.28% to 6,718…
Coverage Details
Total News Sources13
Leaning Left1Leaning Right1Center5Last UpdatedBias Distribution72% Center
Bias Distribution
- 72% of the sources are Center
72% Center
14%
C 72%
14%
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