Stock market today: Dow futures tick higher with Powell speech, Trump-led sweep in focus

Published On Nov 14, 2024, 7:29 AM

US stock futures are slightly higher as investors await a speech from Federal Reserve Chair Jerome Powell, which may influence future interest-rate cuts. The market is reacting positively to recent consumer inflation data that supports hopes for a rate cut in December. Additionally, a Republican political sweep has allowed the incoming administration more flexibility in pushing an economic agenda, contributing to a bullish sentiment in stocks. Companies like Disney have also reported earnings that beat expectations, further lifting market optimism.

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Stock Forecasts

SPYView SPY chart on TradingView

Positive

Market sentiment is buoyed by potential interest rate cuts, particularly from positive inflation data and a Republican sweep that suggests more aggressive economic policies. This favorable environment is likely to continue to support equity prices in the near term.

DISView DIS chart on TradingView

Positive

Disney's strong earnings report suggests a resilient business model and may attract more investment into consumer discretionary sectors, which are expected to perform well in a growing economy.

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