Investors started to abandon the Trump trade on Friday driven by concerns about slower interest-rate cuts and reactions to President-elect Donald Trump’s cabinet selections.
Stocks spent the session lower overnight as the Trump rally burnt out and persistent inflation gave the Fed room to slow the pace of cuts, a sentiment echoed by Chairman Powell in a speech in Dallas around the market close
Stocks drifted higher as in-line inflation data for October, strengthened optimism that the Federal Reserve will likely deliver another rate cut in December, while Bitcoin hit fresh record highs at $93,226 overnight
Stocks took a breather from their recent melt-up Tuesday, pressured by a surge in Treasury yields just a day ahead of fresh inflation data.
Stocks were mixed overnight with the Russell (small-caps) and the Dow reaching fresh records, with the focus turning to upcoming inflation data and a slew of Federal Reserve speakers.
Wall Street’s post-election rally shows no signs of slowing down as the S&P 500, Nasdaq 100, and Dow Jones Industrial Average all closed at record highs on Friday.
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.
