Stocks Fall as Wall Street’s Election Enthusiasm Subsides
Published On Nov 15, 2024, 4:17 PM
The post-election excitement in the stock market is diminishing as the S&P 500 and other major indexes face declines due to uncertainty around Donald Trump's policies and the Federal Reserve's future rate cuts. After a significant rally following the election results, stocks are now reacting to mixed economic signals, including rising inflation and retail sales data. Major indices, especially tech stocks, have taken a hit while cryptocurrencies like Bitcoin are experiencing a surge in value.
Stock Forecasts
SPY
Negative
Given the current uncertainty regarding interest rates and economic policies, especially with inflation concerns, the overall market outlook may remain somewhat negative in the short term. However, sectors that align with expected policy changes under the Trump administration may see increased interest.
Related News
Trump’s Matt Gaetz Pick Concerns Both Right- and Left-Leaning Media
Nov 15, 2024, 10:22 AM
President-elect Donald J. Trump selected Matt Gaetz, a former Florida congressman, as his attorney general, a pick that drew a rare bipartisan rebuke from both conservative and liberal media outlets.
Stock market today: Dow, S&P 500, Nasdaq sink as post-election rally fades, Fed prompts rate-cut rethink
Nov 15, 2024, 1:15 PM
Wall Street is absorbing a jump in retail sales and Jerome Powell's hawkish comments as Trump-fueled optimism starts to wear off.
Stock market today: Dow, S&P 500, Nasdaq tumble as traders trim rate-cut bets
Nov 15, 2024, 11:04 AM
Wall Street is absorbing a jump in retail sales and Jerome Powell's hawkish comments as Trump-fueled optimism starts to wear off.