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 on the rise, suggesting a continuation of a post-election rally as investor expectations grow for lower corporate taxes and deregulation under President-elect Trump. The Dow Jones, S&P 500, and Nasdaq indices are all reaching record highs. Additionally, Bitcoin has surged past $82,000, boosted by optimism surrounding a pro-crypto administration. While there are concerns about potential inflation resulting from upcoming tariffs, the odds of further interest rate cuts from the Federal Reserve remain significant, with expectations for data on consumer inflation this week.

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Stock Forecasts

TSLAView TSLA chart on TradingView

Positive

The bullish sentiment in both stock markets and cryptocurrencies presents a good opportunity for investors. Tesla's stock has shown significant upward movement, reflecting positive market trends associated with Trump's election and the brand's recent performance.

SPYView SPY chart on TradingView

Positive

The overall stock market rally, particularly in large-cap names and tech, generally indicates investor confidence. If inflation data comes in lower than expected, markets could rally further, so it's wise to consider ETFs that track these indices.

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