Stocks continued to climb to fresh records, a day after notching its biggest-one day gain in two years as the Federal Reserve delivered a widely expected rate cut.
Equities surged to fresh record highs after Republicans and Donald Trump executed a comprehensive victory in the 2024 US election which Polls indicated would be a very tight race easing concerns the process could be drawn out before a victor was declared.
Equities headed higher overnight with bullish bets emerged as voting began in the “Trump vs Harris” show, which has turned out to be more tightly contested presidential election than first thought (at least that what the media would like you to believe)
Equities drifted lower overnight as investors opted for caution ahead of the presidential election and the Federal Reserve’s two meeting.
Stocks ended higher on Friday, rebounding from the previous day’s sell-off as Amazon’s strong earnings countered a significant drop in U.S. job growth in October.
Stocks closed sharply lower Thursday as Meta and Microsoft fueled a rout in tech, while hotter inflation muddied the path for deeper Federal Reserve rate cuts.
Stocks were mixed overnight as investors digested a jump in Treasury yields and cooling rally in Alphabet (Google), while after the bell, Microsoft and Meta were met with lukewarm enthusiasm, despite beating expectations
Equities finished higher overnight, shrugging off mixed economic data as tech continued to rack up gains ahead of major earnings, while Google rose 5%+ on earnings after the bell
Investors ignored multi-month highs in US treasuries, with their eyes firmly fixed on the approaching MAG7 earnings and a busy week of top-tier economic data and quarter earnings including from big tech.
Equities were mixed with the Nasdaq closing higher Friday, after hitting an intraday high as tech stocks continued to make gains as investors piled into high flying tech stocks ahead of a key week of earnings next week.
Stocks snapped a three-day losing streak overnight, as Tesla soared 22%, racking up its best day in over decade following the electric vehicle maker’s better-than-expected quarterly results.
Despite Tesla impressing the market after the bell, stocks finally succumbed to rising Treasury yields putting pressure on megacap stocks, as investor confidence waned regarding significant rate cuts from the Federal Reserve.
