Morning Bid: Markets edgy as Fed awaited [Yahoo! Finance]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
Company Research
Source: Yahoo! Finance
For all the extreme bullishness about 2025, Wall Street is just a bit edgy as the Federal Reserve looks set to deliver its final interest rate of 2024 and give a glimpse into next year. Remarkably, the Dow Jones Industrial Average's 9-day losing streak is the longest negative run since 1978 - but the index is still just under 4% from record highs set earlier this month. Even though the broader S&P500 remains closer to its latest peaks, that strength has been largely concentrated in its handful of megacaps. The equal-weighted S&P500 is down more than 4% from its record on Dec. 2 and the small cap Russell 2000 is off 5.5% from the highs of late November. As Treasury yields have backed up sharply again over the past fortnight - even as the latest U.S. industrial production and retail sales excluding autos missed forecasts for last month - the yearend is looking more anxious than ebullient new year forecasts suggest. Although stock futures were up a touch ahead of Wednesday's bel
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