Stock Market Update
16-Dec-24 15:05 ET
Market at or near all-time highs ahead of busy week
Dow -19.56
at 43808.50,
Nasdaq +255.29
at 20182.01,
S&P +30.41
at 6081.50
[BRIEFING.COM] The S&P 500 (+0.5%) and Nasdaq Composite (+1.3%) trade near session highs, which marks a new all-time high for the Nasdaq. The S&P 500 is about 20 points lower than its all-time high.
This week features a slate of market-moving events, including including the November Retail Sales, Industrial Production, Housing Starts, Existing Home Sales, and Personal Income and Spending reports, the latter of which features the Fed's preferred inflation gauge in the PCE Price Index. The main event will be the FOMC decision on Wednesday.
There is a 95.4% probability in the fed funds futures market of a 25 basis points rate cut on Wednesday, according to the CME FedWatch tool.
