DiscoverSchwab NetworkStock Market This Week: Rate Cut Sell-Off, BTC Below $100K, MU Plunges
Stock Market This Week: Rate Cut Sell-Off, BTC Below $100K, MU Plunges

Stock Market This Week: Rate Cut Sell-Off, BTC Below $100K, MU Plunges

Update: 2024-12-20
Share

Description

Friday's rebound rally didn't fully reverse all the selling from the Fed's rate cut outlook announcement. The committee voted to cut another 25BPS but curbed the rate of cuts it originally projected for 2025. The sell-off gave crypto a black eye after Bitcoin sunk back below $100,000. Micron (MU) also closed as one of the biggest laggards this week after reporting lower-than-expect guidance. Oliver Renick talks about the week's biggest movers.




======== Schwab Network ========


Empowering every investor and trader, every market day.




Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe


Download the iOS app - https://apps.apple.com/us/app/schwab-...


Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-...


Watch on Sling - https://watch.sling.com/1/asset/19192...


Watch on Vizio - https://www.vizio.com/en/watchfreeplu...


Watch on DistroTV - https://www.distro.tv/live/schwab-net...


Follow us on X – / schwabnetwork


Follow us on Facebook – / schwabnetwork


Follow us on LinkedIn - / schwab-network




About Schwab Network - https://schwabnetwork.com/about

Comments 
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Stock Market This Week: Rate Cut Sell-Off, BTC Below $100K, MU Plunges

Stock Market This Week: Rate Cut Sell-Off, BTC Below $100K, MU Plunges

Schwab Network