Stock market today: Dow, S&P 500, Nasdaq waver with Powell speech, Trump-led sweep in focus

Published On Nov 14, 2024, 9:30 AM

US stock markets experienced little movement with the Dow Jones gaining slightly while the S&P 500 and Nasdaq saw minor declines. Investors are awaiting a speech from Federal Reserve Chairman Jerome Powell, which is expected to provide insights on interest rates amid an environment of decreased inflation expectations. The recent Republican control in Congress is also being watched closely, as it may influence economic policies under President-elect Trump. Initial jobless claims fell to their lowest since May, contributing positively but creating mixed sentiments in the market.

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Stock Forecasts

AI prediction results, not representative of any investment advice.

SPY View SPY chart on TradingView

Positive

With potential interest rate cuts on the horizon, there is optimism which might bolster equities in general, especially tech stocks. However, concerns regarding the impact of Trump’s policies on inflation and corporate earnings could lead to volatility.

DIS View DIS chart on TradingView

Positive

Disney's strong quarterly earnings and successful pivot to profitability in its streaming sector could attract more investors, especially as the consumer sector is buoyant. This sets a positive outlook for the stock.

Stock market today: Dow, S&P 500, Nasdaq waver with Powell speech, Trump-led sweep in focus

Stock Forecasts

SPY View SPY chart on TradingView

DIS View DIS chart on TradingView

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