Stock market today: Dow, S&P 500, Nasdaq futures signal a return to roaring rally as bitcoin tops $82,000
Published On Nov 11, 2024, 7:15 AM
US stock futures are indicating a strong start to the week with gains in Dow Jones, S&P 500, and Nasdaq index futures. Market optimism is attributed to expectations of lower corporate taxes and less regulation from the incoming Trump administration, following a week of record highs for stocks. Additionally, Bitcoin prices have surged past $82,000 due to positive sentiment towards cryptocurrencies under potential favorable policies from the new administration. Investors are also awaiting inflation data which could impact interest rate expectations.
Stock Forecasts
SPY
Positive
Thanks to the continued positive sentiment from the recent election results and the bullish momentum in the tech and crypto sectors, stocks are expected to rise.
COIN
Positive
With Bitcoin hitting record highs and backing from the new administration's policies, the cryptocurrency market may continue to see upward momentum, encouraging investments in crypto-focused stocks.
TSLA
Positive
Given the rally in Tesla and its significant rise after the election, it is positioned to benefit from the anticipated pro-business regulations and investor enthusiasm for EVs.
Related News
S&P 500 futures climb slightly following broad index's best week of the year: Live updates
Nov 10, 2024, 6:02 PM
Stocks are coming off a winning week that centered on the presidential election and Fed meeting.
As Trump Threatens a Wider Trade War, the U.S. Confronts a Changed China
Nov 11, 2024, 5:03 AM
The Chinese economy is more dependent on exports, making tariffs more potent, yet it’s less reliant on American markets and increasingly bent on self-sufficiency.
Trump 2.0 complicates Jay Powell's rate path at the Fed
Nov 11, 2024, 4:00 AM
Many economists are already scaling back their expectations for the number and pace of Federal Reserve rate cuts next year on account of policies expected from a new Trump administration.