Market Updates

NYC MONDAY

Barry Adams
16 Dec, 2024
New York City

     

    In the week ahead, the Federal Reserve is scheduled to announce its rate decisions, and investors are anticipating a rate cut of 25 basis points, lowering rates for the third time this year.

    Housing starts and completions, and building permits, and existing home sales are also scheduled to be released this week.

     

    U.S. Indexes and Treasury Yields

    The S&P 500 index increased 0.3% to 6,071.79, the Nasdaq Composite fell 0.1% to 20,001.43, and the Russell 2000 index fell by 1.4% to 2,361.08. 

    The yield on 2-year Treasury notes edged higher to 4.18%, 10-year Treasury notes inched up to 4.30%, and 30-year Treasury bonds increased to 4.52%.

    WTI crude oil decreased $0.66 to $70.62 a barrel, and natural gas prices edged down 11 cents to $3.16 a thermal unit.

    Gold decreased by $12.68 to $2,659.98 an ounce, and silver rose by $0.20 to $30.67. 

    The dollar index, which weighs the US currency against a basket of foreign currencies, edged higher by 0.02 to 106.97.

     

    U.S. Stock Movers 

     

     

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