Daily Stock Market Recap: 12/18
Hey {{first_name|everyone}}! It’s @StockMKTNewz - Evan!
Let's dive into the key headlines of the day and what you should keep an eye on as we move through the week.
Here’s how the stock market performed today
Heat Map of the S&P 500
The S&P 500 just dropped by 3% its worst Jerome Powell day (FOMC) since March 2020
Indexes
Best and Worst Performing S&P 500 Stocks
FOMC Meeting
Jerome Powell and the 🇺🇸 Fed cut rates by 0.25% as expected to between 4.25%-4.50%
The Fed released its final Summary of economic projection for 2024
Here's what the Fed expects for 2025 based on the SEP:
Growth (GDP): of 2.1% up from its previous 2.0% forecast
Unemployment Rate: of 4.3% down from its previous 4.4% forecast
Inflation (PCE): of 2.5% up from its previous 2.1% forecast
For Interest rates:
End 2025: at 3.75%-4% up from prior median estimates of between 3.25%-3.5%
End 2026: at 3.25%-3.50% up from prior median estimates of between 2.75%-3%
End 2027: at 3%-3.25% up from prior median estimates of between 2.75%-3%
Get Ready For Tomorrow
EARNINGS: This is the earnings calendar I rely on daily during earnings season. Make your earnings season much easier by checking out Earnings Hub
Thursday 12/19 SeekingAlpha catalyst Watch:
Macro: Schedule for tomorrow 12/19 (All times are in ET)
8:30 am Initial jobless claims
8:30 am GDP (second revision)
8:30 am Philadelphia Fed manufacturing survey
10:00 am Existing home sales
10:00 am U.S. leading economic indicators
The Daily Recap
Links to check out
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Comments from the Press Conference