Nsadaq - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org Let No Man Take Your Crown Wed, 18 Dec 2024 23:12:02 +0000 en-US hourly 1 https://www.garnertedarmstrong.org/wp-content/uploads/2024/05/cropped-Screen-Shot-2024-05-16-at-1.06.13-PM-32x32.png Nsadaq - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org 32 32 Dow falls 1,100 points on disappointing Fed interest rate news https://www.garnertedarmstrong.org/dow-falls-1100-points-on-disappointing-fed-interest-rate-news/?utm_source=rss&utm_medium=rss&utm_campaign=dow-falls-1100-points-on-disappointing-fed-interest-rate-news Wed, 18 Dec 2024 23:12:02 +0000 https://www.garnertedarmstrong.org/?p=46912 The stock market swooned Wednesday in response to a piece of news that might not seem all that dire on first read: The Federal Reserve could cut interest rates fewer times than experts had predicted, in 2025. The Dow Jones … Read More

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]]> The stock market swooned Wednesday in response to a piece of news that might not seem all that dire on first read: The Federal Reserve could cut interest rates fewer times than experts had predicted, in 2025.

The Dow Jones Industrial Average shed 2.6%, or 1,123 points, closing at 42,327. The S&P 500 lost nearly 3%, closing at 5,872. The Nasdaq Composite lost 3.6%, closing at 19,393.

The S&P 500 and Nasdaq have traded at or near record highs in recent days, partly in anticipation of a rate cut by the Fed.

But the Dow has had a long December. Wednesday marked the 10th consecutive losing session for the index, its longest down streak since 1974.  A four-digit slide on a single day is a rare event.

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Source: https://www.usatoday.com/story/money/2024/12/18/dow-loses-1100-points-fed-interest-rates/77073535007/

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