Stock Market News Live Updates: S&P Pulls Back From Record, Nasdaq Sheds 1.4%

Dec 13, 2021

Stock Market News Live Updates: S&P Pulls Back From Record, Nasdaq Sheds 1.4%

Stocks were down on Monday as investors expected the Federal Reserve's fiscal policy pronouncement later this week. The S&P 500 fell below last week's record high.

The three leading indices all dropped. Crude oil prices in the United States have remained stable at around $71 per barrel. Treasury rates decreased across the yield curve, with the benchmark 10-year yield below 1.5%. Bitcoin has fallen below $47,000.

This week, investors' attention will focus on the Federal Reserve's December policy meeting, scheduled between Tuesday and Wednesday. Mid-week sees the release of a new fiscal policy comment and a briefing with Fed Chair Jerome Powell and the Fed's revised Summary of Economic Projections, detailing various members' perspectives on the economic situation and interest rates. Meetings with representatives from the Bank of England and the European Central Bank are also planned for this week.

The Fed's statement has gained weight as the market tries to forecast how authorities will weigh stubbornly high inflation against the threat of a new COVID-19-19 outbreak with the new Omicron type. Last week's Consumer Price Index (CPI) indicated that inflation in the United States climbed at its quickest speed since 1982 November, highlighting the continued imbalance between supply and demand in the rebuilding economy.

According to statistics provided by the New York Times, the Omicron form has been found in 30 states so far. As Pfizer's preliminary studies indicate, the strain is more transmissible than the previous Delta type but may cause less serious symptoms and be neutralized by several doses of the COVID-19 vaccine. The World Health Organization stated on Monday that the Omicron strain remained a "very high" worldwide risk while stressing that there is not yet enough information on the course of the disease.

However, given the rising inflation and the improving economy, it is likely that the Fed will announce further cuts to its asset-purchase program at the end of this week's meeting, thus reducing one of the core instruments of the central bank that helped to stabilize the economy during the crisis.

David Kostin, Goldman Sachs chief U.S. equity strategist, mentioned that both equity and fixed income markets seem to be evaluating the Fed's upcoming policy tightening.

At the Fed's meeting this week, the company anticipates the Fed to boost the tempo of tapering, increasing monthly purchases of Treasuries and agency mortgage-backed securities to $30 billion per month from $15 billion.

Historically, asset values have been flat around the time of the first Fed hike, as Kostin pointed out. Furthermore, several of the equities with the most extended term and highest values have fallen in the last month, implying that the stock market pricing of Fed tightening has begun.

Subscribe Our Newsletter

Chinese Regulators Are Now Scrutinizing Live-Streaming. These Stocks Are Falling.
Chinese Regulators Are Now Scrutinizing Live-Streaming. These Stocks Are Falling.

The report sent some stocks in the industry plummeting. Huya's US-listed shares fell 6.5% in premarket trade Wednesday, with DouYu falling 5.5% and Joyy down almost 4%. Kuaishou Technology fell 6.2% in Hong Kong trade.

Banks and Finance
Stocks Stumble as Fed Speeds Up Stimulus Phase Out
Stocks Stumble as Fed Speeds Up Stimulus Phase Out

"The true measure of intellect is the capacity to hold two diametrically opposed thoughts in mind at the same time and still operate," F. Scott Fitzgerald stated. According to that standard, the collective intelligence that drives the stock and bond markets is entirely amazing.

Stocks
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Oliver

Differences Between Fiat and Crypto Processors
The number of people using Bitcoin has grown exponentially in the last few years. According to recent data by BitInfoCharts, the total market value of all existing Bitcoin reaches $388 billion, and this number is only expected to grow in the future. It is not difficult to understand why businesses want to accept cryptocurrency payments.

discover
What Are Index Funds? Investment Guide

Constantine

What Are Index Funds, and How do you invest in them?

Learn what index funds are, what varieties they come in, what advantages they offer, and how to start investing from scratch and make your first profit.

Investing
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business

    Constantine

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Alexander

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Hazem

    Megaphone Pattern​: What Is It? How to Use It In Trading

    Megaphone Pattern​: How to Read & Trade with It

    Constantine

    Top 5 Liquidity Bridge Providers in DeFi

    Top 5 Liquidity Bridge Providers in DeFi

    Hazem

    Max Funded IUL Explained: Is It a Legitimate Financial Strategy?

    Understanding Max Funded IUL

    Alexander

    Tax Refund Timeline: When Will You Get Your Tax Return?

    how long does it take for tax refund

    Constantine

    Crypto Liquidity — What is it, and How to Measure It?

    What is Crypto Liquidity and How to Measure It?

    Constantine

    AI in Finance: A Game-Changing Trend Shaping the Industry

    AI in Finance

    Hazem

    5 Ways to Make Money with ChatGPT and Build Your Wealth

    Make Money with ChatGPT

    Constantine

    Top AI Companies to Invest in April 2025

    Top AI Companies to Invest in March 2025

    DeepSeek vs ChatGPT: Which AI Technology is Better For You?

    DeepSeek vs ChatGPT: Feature-by-Feature AI Tool Comparison

    Constantine

    Top Solana Meme Coins in 2025: Best Presales and Where to Buy

    Solana Meme Coins 2025

    Alexander

    How Renewable Energy Stocks Can Supercharge Your Portfolio

    How Renewable Energy Stocks Supercharge Your Portfolio

    SEC Crypto Regulations: What Financial Advisors Need to Know

    SEC Crypto Regulations: Insights for Financial Advisors
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.