Wall Street Breakfast Stock futures stabilize after sharp selloff
Dec 19, 2024
U.S. stock futures have found stability after a notable sell-off, raising questions about market resilience. As the busy holiday season approaches, potential strikes at Amazon could shake things up. Meanwhile, Micron Technology's shares plummeted by 16%, causing concern among investors. The bond market is also a hot topic alongside recent updates on California's climate policies. It's a dynamic time in the markets, with many eyes on these developments.
AI Snips
Chapters
Transcript
Episode notes
Market Reaction to Fed Decision
- The Fed's signaling of fewer interest rate cuts than expected triggered a market sell-off, impacting major indexes.
- However, U.S. stock futures showed signs of stabilizing the following day.
Bitcoin's Response to Fed Signals
- Bitcoin's value dropped below $100,000 due to the Fed's signals of fewer interest rate cuts in the future.
- This followed the Fed's forecast of persistent inflation and limited rate cuts, impacting investor confidence.
Amazon Strike Looms
- The Teamsters plan to strike against Amazon, demanding better wages and working conditions.
- Amazon claims the Teamsters misrepresent their employee support and have illegally coerced workers.