Markets Insider: Stock Market News, Realtime Quotes and Charts

Hopes are dim for a “Santa Claus” rally after a five-session run of losses for the S&P 500. S&P 500 futures and Nasdaq 100 futures gained 0.06% and 0.08%, respectively. “We believe the Street is not fully accounting for the potential impact of Sponsored Ads + benefits of Chewy Health to the company’s net sales per active customer and margins in 2025 and 2026,” Khajuria added.

When the Fed cuts rates, gold can become more appealing than income-paying assets like bonds. Initial jobless claims, meanwhile, fell unexpectedly to an eight-month low of 211,000 last week, marking a drop of 9,000. Stock indexes reversed gains from earlier in the day to close lower on Thursday, as volatile trading in the first session of the new year pushed the market to its fifth consecutive loss. If you’re searching for today’s best money market account rates, we’ve narrowed down some of the top offers.

The good news is that the Fed is confident its historic rate increases will return inflation back to normal as early as next year. It now expects 2023’s PCE inflation rate to come in at 2.6% above this year’s prices, down slightly from the 2.7% it anticipated in March. And in 2024, the Fed now believes inflation will return to 2.2%, down from the 2.3% it predicted in March. All of those expectations are higher than what the Fed foresaw in March. Earlier this spring, the Fed expected unemployment to stay at 3.5% this year and next, rising to 3.6% in 2024.

Wednesday’s decline would be enough to save drivers a whopping 4 cents after spending more than $100 to fill a 20 gallon tank. But it is the first time since May 27, the Friday before Memorial Day, that there has been even a modest decline in gas prices. Tuesday had marked the 18th straight day of AAA’s reading hitting a new record high, and the 35th time in 36 days. For the first time in nearly three weeks, AAA’s reading of the average price of a gallon of regular gas is less than it was the day before. The national average Wednesday stood at $5.01 a gallon — or $5.014 to be precise. The Fed now expects America’s unemployment rate to rise modestly to 3.7% this year (it’s 3.6% now).

Mortgage rates start 2025 near 7%, hitting highest level since July

Stocks hit session highs around the same time Congressman Mike Johnson was reelected as Speaker of the House. Super Micro stock is set to notch a yearly gain of 6%, but shares remain far below highs near $120 in mid-March. Some of the biggest lenders in the US are beating a retreat from a UN-backed bank climate group in the final weeks before a new Trump administration prepares to take office.

Nvidia stock led the so-called “Magnificent 7” tech stocks higher to start the year after a group-wide selloff in the last days of 2024. “That’s because we expect the main drivers that boosted the U.S. stock market over 2024 to continue this year.” Auto and mining stocks led losses, both falling close to 1%, while financial services stocks were among the few sectors to rise, adding 0.47%. Jobless claims came in below expectations for the week ending December 27.

AI trade will move to power and cooling in 2025: Strategist

Kevin Green says there’s still work to be done to break resistance, including moving above the 50-day movin… Lo Toney, Plexo Capital founding managing partner, joins ‘Closing Bell’ to discuss the outlook for CapEx spend in tech and the next phase of the AI trade. Congress is in session after lawmakers officially named Mike Johnson as the House Speaker. @CharlesSchwab’s Mike Townsend takes a closer look into the cryptocurrency and policy implicat… The US dollar started 2025 strong, reaching a two-year high, while US equities were disappointing due to a lackluster Santa Rally.

Tech Expectations for 2025 and Beyond

‘Mad Money’ host Jim Cramer looks ahead to what could be in store for the markets in 2025. Mike Gallagher, director of research at Continuum Economics, discusses the outlook for the U.S. market in the year ahead and beyond. The S&P 500 and the Nasdaq begin the year in the red – their Stock Market News fifth-straight negative session. However, the dollar extends its rally into 2025 with the index hitting a two-year high. Bond yields slipped on Friday ahead of the latest data from the struggling manufacturing sector.

GMI’s long-term projection remained steady at a 7.2% annualized total return. US equities remain the lone downside outlier for expected return relative to the market’s history and the various asset cl… The CIO of Crossmark Global Investments thinks inflation will fail to reach the Fed’s 2% target, causing the fed-funds rate to fall less than expected—again. There are stocks that should hold up better despite any Wall Street turmoil.