Last week, the electoral map saw significant changes that upended Washington, DC. Despite this, the economic and investment conditions appeared to favor risk markets after Donald Trump’s victory. The S & P 500 jumped 4.7% for the week, and the Federal Reserve trimmed short-term rates. However, there are nuances to consider, such as the differences…
Traders on the New York Stock Exchange saw U.S. stock futures holding steady after the S&P 500 and Nasdaq hit record highs following the Federal Reserve’s interest rate cut. The markets reacted positively to President-elect Donald Trump’s victory, with expectations of a Republican-controlled government leading to optimism about deregulation, tax cuts, and economic growth. However,…
James Ragan from D.A. Davidson believes that the focus of Jerome Powell’s press conference will be on the current view of Fed officials on the labor market, especially after the weak job numbers for October. Traders will be looking for clues on future rate policy during Powell’s press conference. Consumer rates have changed significantly since…
Small caps, specifically the Russell 2000, are seeing gains in morning trading, following a surge on Wednesday. RBC’s Calvasina notes that positioning and sentiment are stretched, but there may be room for further growth. Bank of America downgrades SolarEdge Technologies due to potential risks to the clean energy industry under a Trump presidency. Moderna shares…
Former President Donald Trump’s media company saw its shares rise after projections indicated he was winning the presidential election. Despite posting a loss in the third quarter, the stock surged as Trump gained a solid Electoral College lead. Trading was halted multiple times due to volatility, but the stock, seen as a market proxy for…
Mortgage rates have surged higher following Trump’s victory, with the average rate on a 30-year fixed mortgage reaching 7.13%. This increase is linked to the rise in the U.S. 10-year Treasury yield. Housing stocks have fallen as a result. Tech CEOs like Bezos, Zuckerberg, and Altman congratulated Trump on his win, expressing eagerness to work…
Treasury yields rose on Wednesday as Donald Trump was projected to win the U.S. presidential election over Vice President Kamala Harris. The 10-year Treasury yield jumped to 4.42%, its highest level since July, as investors anticipated increased economic growth under a Trump presidency. The yield on the 2-year Treasury also increased, reaching its highest level…
Bitcoin rallied to an all-time high of $75,000 overnight as investors speculated on the outcome of the U.S. election. The price of the cryptocurrency hit a record high as former President Donald Trump gained an edge in the Electoral College. Bitcoin has been trading in a narrow range below $70,000 for most of the year,…
Flags on the New York Stock Exchange in the financial district set the scene for a night of speculation as stock futures rose amid rumors of a potential edge for former President Donald Trump in the presidential race. The Dow Jones, S&P 500, and Nasdaq 100 futures all saw gains, with Bitcoin reaching a record…
The U.S. dollar strengthened slightly against other global currencies as voting in the presidential election wound down. The British pound and euro were down slightly against the dollar, while the Australian dollar dipped. The foreign exchange market is expected to react quickly to election results, with traders watching the dollar closely for signals. A strong…