US equities were lower in Tuesday afternoon trading as S&P 500, Nasdaq both posted worst session since 18-Dec. Growth under pressure in a reversal of yesterday's move. Big tech largely underperformed. Hawkish macro data the big headwind to stock. AI takeaways from CES largely upbeat. November JOLTS job openings little changed m/m but higher than expected.

US equities ended mixed Monday, near worst levels. There were a few moving pieces to today's upside, though AI optimism was the biggest upside driver. November factory orders fell point 4% month over month, missing consensus for a point 3% decline.

Major US equity indices were mostly lower this week after finishing 2024 with double-digit gains. The Market started the new year off on a more defensive tone as favorable December seasonality and expectations for a post-election rally failed to materialize. Still, the Street is broadly optimistic on 2025 with analysts expecting continued economic growth helped by consumer spending, solid real income growth, healthy household balance sheets, and fiscal-policy tailwinds.

US equities finished lower in Thursday trading, ending somewhat off worst levels. The market continued to have difficulty maintaining positive traction after another session where early strength faded into the afternoon. In macro news, initial jobless claims printed at 211 K for the latest week, down week over week and below consensus.

US equities finished lower in Tuesday trading, ending near worst levels. Very little on the schedule in the way of economic releases or corporate updates. Market was unable to hold onto some morning strength, feeding into continued commentary about how Santa Claus rally/favorable December seasonality has failed to materialize. 

US equities finished lower in Monday trading, though ended well off worst levels. US equities finished lower in Monday trading, though ended well off worst levels. November pending-home sales were up 2 point 2% month over month, slightly stronger than forecast, though October results were revised down.

Major US equity indices were lower this week, weighed down by a big Wednesday slide that saw the S&P post its second-weakest day of the year. Wednesday's December FOMC meeting was the critical event of the week. Analysts had firmly expected the 25 bp rate cut it delivered and were looking for some signal the Fed could pause rate cuts in January, but ultimately takeaways felt the meeting was more hawkish than expected. The late week also brought heightened focus to the approaching government-funding deadline.

US equities were mostly lower in Thursday trading as stocks ended near worst levels. The market came off premarket early session strength following a big Thursday selloff chalked up to the hawkish guidance that accompanied the Fed's 25 basis point rate cut. In macro news, weekly initial jobless claims came in at 220K, below consensus and a notable slide from the prior jump to 242K.

US equities were lower in Wednesday trading as stocks ended near worst levels following the FOMC decision, with the Dow Jones, S&P500, and Nasdaq closing down 258bps, 295bps, and 356bps respectively. Today’s Hawkish Fed rate cut was an overhang as the Fed cut rates by 25 bp, as expected, but guidance language in its statement was tweaked in a hawkish direction and SEP median dot for both 2025 and 2026 up 50 bp and long-run dot up 10 bp to 3.00%. November housing starts missed consensus, but building permits came in ahead.

US equities were lower in fairly quiet Tuesday trading. Tech strength has been accompanied by underperformance in cyclicals/value, along with rate-sensitive plays. Headline November retail sales up 0.7% m/m. November industrial production surprised negative, capacity utilization also missed. December NAHB homebuilder confidence unchanged from November but below consensus.