Wall Street Prepares for Fed Meeting Amid Nvidia Decline
December 18, 2024 - 04:26
Investors are bracing for the upcoming Federal Reserve meeting scheduled for Wednesday, where a further cut of 25 basis points in interest rates is anticipated. Market participants are keenly awaiting Chair Jerome Powell’s comments, as they seek guidance on the economic landscape for the upcoming year.
In the spotlight is Nvidia, whose stock has recently entered correction territory, raising concerns among investors. This decline has prompted discussions about the tech sector's overall health and its implications for future growth. Other notable stocks capturing attention include GameStop, Quantum Computing, Teva Pharmaceutical Industries, and Pfizer, all trending in investor conversations.
The meeting will feature key insights from several prominent guests, including Savita Subramanian from Bank of America Securities, Dan Ives of Wedbush Securities, and Matt Hougan from Bitwise Asset Management. Their expert analyses are expected to shed light on current market dynamics and provide direction for investors navigating these uncertain times.
MORE NEWS
March 19, 2026 - 04:45
Climate Finance Has Failed Africa Twice Over. Here’s How To Fix It.The global system designed to fund climate action is failing Africa profoundly and on two critical fronts. Not only is the continent receiving a minuscule fraction of the necessary financing to...
March 18, 2026 - 21:44
Fed meeting live updates: Federal Reserve holds rates steady, forecasts 1 rate cut in 2026In a widely anticipated move, the Federal Reserve concluded its June policy meeting by holding its benchmark interest rate steady at a 23-year high. The decision underscores the central bank`s...
March 18, 2026 - 00:00
New Rules Reshape the Home Equity Line of Credit LandscapeThe familiar flexibility of the Home Equity Line of Credit (HELOC) is undergoing a significant shift. Driven largely by nonbank lenders entering the market, new requirements are emerging that could...
March 17, 2026 - 04:47
Close Brothers plunges as short seller claims it understated car finance risksShares in Close Brothers Group suffered a dramatic fall, dropping as much as 14% in a single trading session. The sharp decline was triggered by a report from short-selling firm Viceroy Research,...