Stock market today: Performance analysis
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Today, December 18, 2024, the U.S. stock markets experienced a significant downturn, with major indices posting substantial losses.
The S&P 500, Dow Jones Industrial Average, and Nasdaq all closed lower, marking a day of volatility for investors.
The downturn followed a 25 basis point interest rate cut by the Federal Reserve, which also hinted at fewer rate cuts in the coming year. This shift in monetary policy triggered market sell-offs, as investors recalibrated their expectations for future economic growth and interest rates.
The market’s reaction suggests cautiousness as the Federal Reserve’s decisions are seen as pivotal for determining the near-term trajectory of the economy.
Despite the decline, investor…
