Trump's Pressure on Fed Leads to Broad Market Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 17h ago
0mins
Source: NASDAQ.COM
- Market Pressure Intensifies: The S&P 500 Index fell by 0.23%, the Dow Jones Industrial Average by 0.58%, and the Nasdaq 100 by 0.27% due to increased concerns over Fed independence stemming from the Trump administration's attacks, indicating a bearish sentiment among investors.
- Gold Prices Surge: Following Fed Chair Powell's comments about facing criminal indictment, gold and silver prices reached all-time highs, reflecting a strong demand for safe-haven assets and potentially leading to capital outflows from the stock market.
- Credit Card Companies Hit: Trump's statement that credit card lenders would violate the law if they do not cap interest rates at 10% caused Synchrony Financial's stock to drop over 7%, highlighting the direct impact of policy risks on financial stocks.
- Economic Data Focus: The market is set to closely monitor upcoming economic data, including December CPI and PPI, which are expected to influence the Fed's monetary policy direction and further exacerbate market uncertainties.
Analyst Views on SYF
Wall Street analysts forecast SYF stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SYF is 85.08 USD with a low forecast of 75.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
11 Buy
5 Hold
0 Sell
Moderate Buy
Current: 86.890
Low
75.00
Averages
85.08
High
100.00
Current: 86.890
Low
75.00
Averages
85.08
High
100.00
About SYF
Synchrony Financial is a consumer financial services company focused on delivering digitally enabled product suites. The Company provides a range of credit products through financing programs it has established with a diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. It offers private label, dual card, co-brand, and general-purpose credit cards, as well as short- and long-term installment loans, and savings products through Synchrony Bank (the Bank). The Company primarily manages its credit products through five sales platforms such as Home & Auto, Digital, Diversified & Value, Health & Wellness and Lifestyle. The Bank offers directly to retail, affinity relationships and commercial customers, a range of deposit products, including certificates of deposit, individual retirement accounts (IRAs), money market accounts, savings accounts and sweep and affinity deposits.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
