empty
14.12.2021 09:20 AM
US stock market on December 14, 2021

This image is no longer relevant

S&P500

The US market came to a halt ahead of the Fed meeting.

On Monday, the major US indices were down by the end of the day. The Dow was down by 0.9%, the NASDAQ fell by 1.4%, and the S&P500 dropped by 0.9%.

Asian markets declined on Tuesday, following the US market. Japan's stock indices plunged by 0.6%, while China's indices

dropped by 0.5%.

Oil fell by $1.5 yesterday along with stock indices on fears of tough Fed statements and a new market decline. Brent crude reached $74.40 on Tuesday.

The number of coronavirus cases worldwide keeps rising. On Wednesday, there were 472,000 new cases around the world. In the US, there were 95,000 cases. The UK and Germany reported +55,000 and +28,000 new infections respectively. On Monday, markets were positive about the WHO's announcement that the new omicron strain is less dangerous than delta. However, yesterday it was reported that at least one person had already died from omicron in the UK. Obviously, the statistics in South Africa will be very different from Europe, as South Africa has a very small percentage of people over 50 and a larger number of young people.

The S&P 500 is trading at 4,669. It remains in the range of 4,640-4,700.

Time magazine has named CEO of Tesla and SpaceX Elon Musk as Person of the Year. In the US, there is little news on the market right now. The main issues are the damage after the tornado that killed 88 people and the $2 billion fine to UBS bank for tax law violations in France. Major US hospitals are refusing to vaccinate their staff. This is a forced measure as there is a severe shortage of staff. Facebook shareholders are demanding more control over content filtering as pressure from authorities on the social networking site increases with requests to ban certain content around the world.

Markets are awaiting Fed's decisions and response to the new rise in US inflation. It rose by 6.8% year-on-year in November, a report showed on Friday.

USDX is trading at 96.35 and is expected to be in the 96.00–97.00 range. The dollar index rose slightly. However, it remains in a narrow range ahead of the Fed meeting.

USDCAD is trading at 1.2815 and is expected to be in the 1.2760–1.2860 range. The pair gained 100 points yesterday while the dollar strengthened and oil declined markedly. In case of a tough Fed statement on Wednesday, the pair will continue to rise to 1.2900-1.3000.

Markets are waiting for the Fed meeting. We expect a tough Fed stance and possibly a strong correction in the stock market.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Mihail Makarov
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Bank of Japan meeting and three more signals you can't afford to miss this week

Global markets are overwhelmed by turbulence: investors are weighing the risks of a renewed plunge in the yen amid political uncertainty and the upcoming Bank of Japan meeting. Meanwhile, Brent

Аlena Ivannitskaya 13:22 2025-07-30 UTC+2

US equities: overbought territory or new normal?

While the US stock market pulls back from another all-time high, the Buffett indicator continues to set fresh records. To recap, Warren Buffett's indicator reflects the ratio

Jakub Novak 10:48 2025-07-30 UTC+2

Stock market on July 30: SP500 and NASDAQ continue their corrections

US stock indices ended last Friday in decline. The S&P 500 dropped by 0.30%, and the Nasdaq 100 fell by 0.30%. The Dow Jones Industrial Average lost 0.46%. Asian equities

Jakub Novak 09:24 2025-07-30 UTC+2

Update on US stock market on July 29. SP500 and NASDAQ going through correction

US stock indices closed mixed last Friday. The S&P 500 inched up by 0.02%, while the Nasdaq 100 added 0.33%. The industrial Dow Jones declined by 0.14%. Asian stocks have

Jakub Novak 09:28 2025-07-29 UTC+2

Stock market on July 28: S&P 500 and NASDAQ set fresh all-time highs

Last Friday, US stock indices closed higher. The S&P 500 rose by 0.40%, while the Nasdaq 100 added 0.20%. The Dow Jones Industrial Average strengthened by 0.47%. The record-breaking rally

Jakub Novak 09:29 2025-07-28 UTC+2

July 25 Stock Market Update: S&P 500, NASDAQ pause after rally

As of July 25, US equity indices posted a mixed performance. The S&P 500 edged up by 0.07%, while the Nasdaq 100 gained 0.17%. The Dow Jones Industrial Average slipped

Jakub Novak 11:17 2025-07-25 UTC+2

Trump strikes deal with Japan — and other key headlines shaping your portfolio

Markets are bracing for a new wave of disruption: Trump seals a tariff deal with Japan, Apple dodges multimillion-dollar fines, Amazon challenges Meta and OpenAI, and AstraZeneca builds a pharma

Аlena Ivannitskaya 13:14 2025-07-23 UTC+2

Update on US stock market on July 23: SP500 and NASDAQ recoup all earlier losses

As of yesterday's close, US stock indices ended mixed. The S&P 500 rose by 0.06%, while the Nasdaq 100 fell by 0.39%. The industrial Dow Jones gained 0.40%. The record-breaking

Jakub Novak 09:27 2025-07-23 UTC+2

Update on US stock market on July 22. SP500 and NASDAQ sharply down

US stock indices closed mixed yesterday. The S&P 500 rose by 0.14%, and the Nasdaq 100 gained 0.38%. However, the industrial Dow Jones dipped by 0.04%. Today, Asian stocks declined

Jakub Novak 09:54 2025-07-22 UTC+2

High-profile elections in Japan and three important signals for traders

Markets are once again in a state of turbulence. The Japanese yen is fluctuating wildly following the political collapse of Prime Minister Shigeru Ishiba's coalition, which has deepened uncertainty

Аlena Ivannitskaya 12:43 2025-07-21 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.