Yahoo Finance Market Update: December 19, 2018

U.S .. shares became higher as investors await the final monetary policy decision of the Federal Reserve officials.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "S & P 500 ( ^ GSPC ] increased 0.71[ads1]% or 166 points while Nasdaq (19459008) ^ IXIC ] increased 0.81% or 20.72 points, from 10:03 ET. Dowen ^ DJI ]) advanced 0.7% ) rose 0.93%, or 62.87 points. "Data Reaction Time =" 16 "> S & P 500 (GSPC) rose 0.81%, or 20.72 points, from kl. 10:03 ET. The Dow (^ DJI) advanced 0.7%, or 166 points, while Nasdaq (^ IXIC) rose 0.93%, or 62.87 points.

<p class = "canvas text 0) – sm Mt (0.8em) – sm" type = "text" content = "Federal Reserve officials will announce their final monetary policy decision at the end of their two-day meeting Wednesday afternoon ET . Politicians are expected to deliver their fourth interest rate hike this year and raise the benchmark price 25 basis points to a new area of ​​2.25% to 2.5%. CME Group's Fedwatch Tool shows market price allocation that allocates a 74.9% likelihood of such a trip taking place. " data-reaction = "17"> Federal Reserve officials will announce their final monetary policy decision at the end of their two-day meeting Wednesday afternoon ET. Politicians are expected to deliver this year's fourth interest rate increase, which increases the reference price 25 basis points to a new range of 2.25% to 2.5%. The CME Group's Fedwatch tool shows market priceing that gives a 74.9% probability that such a trip will take place.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) -sm" type = "text" content = "Fed Chairman Jerome Powell will hold a press conference at 02:30 ET at the end of the FOMC meeting in December – along with the wording of FOMC's latest policy statement – will help provide details about the road ahead for potential future interest rate hikes. These statements follow months of turmoil for financial markets after Fed's decision to raise interest rates in September, with increased sensitivity among market partners to the exact rhetoric Fed officials used to characterize their future policy plans . "Data Reaction =" 18 "> The fat rapporteur Jerome Powell holds a press conference at 2:30 pm ET at the end of the FOMC meeting in December (Federal Open Market Committee). Powell's tone – along with the formulation of FOMC's latest policy statement – will help provide details about the way forward for potential future interest rate hikes. These statements follow the months of turmoil for financial markets after the Fed's decision to raise interest rates in September, with increased sensitivity among market participants to the exact rhetoric of Fed officials used to characterize their future policy plans.

"We expect the message to be the Fed remains optimistic about the outlook and expects to increase prices further in the coming quarters, but the normalization rate is likely to decrease next year from the last quarterly rate, as the road is becoming more data-dependent," analysts said. Deutsche Bank in a note. "After reflecting this, the statement should change the forward-looking language by noting that gradual increases remain appropriate in the short term." "

Similarly, analysts from Nomura wrote that they expect the December meeting to mark a Clearly changing FOMC members from "regular and predictable increases towards a more" contingent "approach" in light of "disappointing data on growth and inflation, tighter economic conditions, increasing external risks and greater domestic policy uncertainty."

Bond yields at the long end of the yield curve crossed a little lower from Wednesday morning before the decision. The yield on the 10-year government bond note rose 1.1 basis points to 2.812%, while the return on the 30-year government bonds declined 2.2 basis points to 3.055%.

STOKER: Two of the world's largest drug users agree to combine consumer health enterprises

<p class = "canvas atomic text text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = GlaxoSmithKline (19459018] GSK GSK.L ) and Pfizer ( PFE ) will combine their consumer health cars companies in a multibillion dollar merger together with the company's brand market marks, including the Center, Advil, Tums, Excedrin and Nicorette, under a joint venture, said the two companies in statements . Global sales for the combined businesses amounted to $ 12.7 GSK have a majority controlling stake of 68% and Pfizer will own a 32% stake. GSK plans to divide the new consumer health service and list it in London within three years. GSK's shares rose 5.49% to $ 39.14 at NYSE at 9: 31 One while stocks in Pfizer rose 0.52% to 42.64 dollars each. "GlaxoSmithKline ( GSK, GSK.L) and Pfizer (PFE) will combine their consumer health cars e-businesses into a multibillion-dollar merger, combining the company's branding brands, including the Center, Advil, Tums, Excedrin and Nicorette, under a joint venture, The two GSK will hold majority voting ownership of 68%, and Pfizer will own a 32% stake. GSK plans to separate the new consumer health service and list it in London within three years. GSK shares rose 5.49% to $ 39.14 at NYSE at 9:31 AM while stocks in Pfizer rose 0.52% to $ 42.64 each.

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<p class = "canvas atomic text text Mb ) FedEx ( FDX ) cut his earnings guide and said that the international FedEx delivered adjusted earnings of $ 4.03 per share, 9 cents above consensus expectations, and revenue of $ 17.8 billion against a trade surplus $ 17.69 billion, but the company now expects to earn between $ 15.50 and $ 16.50 per share in fiscal policy 2019, under consensus estimates of $ 17.73 per share. Analysts at UBS cut FedEx price targets to $ 205 from $ 256 after quarterly earnings. Shares in FedEx fell 8.29% to $ 169.16 each at 9:31 ET. FedEx (FDX) reduced earnings guidance and said the international business weakened due to global trade FedEx delivered adjusted earnings of $ 4.03 per share, 9 cents above consensus expectations and a turnover of $ 17.8 billion against $ 17.69 billion, but is now expected to earn between $ 15.50 and $ 16.50 per share in 2019, under consensus estimates of $ 17.73 per share. Analysts in UBS reduced FedEx price target for $ 205 from $ 256 after quarterly results. FedEx shares fell 8.29% to $ 169.66 at 9:31 ET. [19659009] History continues