Stock market today: Wall Street ends mixed after a bumpy week

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Stock market today: Wall Street ends mixed after a bumpy week

//business-finance.news-articles.net/content/202 .. y-wall-street-ends-mixed-after-a-bumpy-week.html

Published in Business and Finance on Saturday, December 14th 2024 at 16:00 GMT by Yahoo Finance
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Major stock indexes on Wall Street drifted to a mixed finish Friday, capping a rare bumpy week for the market. The benchmark index posted a loss for the week, its first after three straight weekly gains.

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The article from Yahoo Finance discusses the performance of Asian stock markets following a significant drop in Wall Street, influenced by concerns over U.S. bank stability and economic growth. Asian shares experienced mixed results; while some markets like Hong Kong and Shanghai saw declines, others like Tokyo and Sydney had slight gains. The downturn was triggered by a sharp fall in U.S. bank stocks, particularly after New York Community Bancorp reported unexpected losses from commercial real estate loans, raising fears about the health of regional banks. This event, coupled with disappointing U.S. manufacturing data, led to a broader market sell-off. Additionally, the article mentions that despite these concerns, there's an expectation that the Federal Reserve might cut interest rates later in the year, which could provide some relief to the markets. However, the immediate market sentiment remains cautious, with investors closely watching economic indicators and bank health reports.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/stock-market-today-asian-shares-045036086.html ]