Trump rings bell on record stock market - but will it last?
Published On Dec 12, 2024, 12:11 PM
Donald Trump, during a celebratory appearance at the New York Stock Exchange, kicked off trading amidst an environment of strong economic growth and record stock market levels. His presidency is expected to favor business-friendly policies, potentially loosening regulations and lowering corporate taxes, which could drive further market gains. However, analysts are cautious, warning that job creation is slowing and his proposed policies might create economic challenges. While optimism exists around potential tax cuts and deregulation, uncertainty surrounding his other initiatives could affect market stability in 2025.
Stock Forecasts
XLI
Positive
Given the current market optimism surrounding Trump's return and possible tax cuts for corporations, stocks may continue to rise, particularly those aligned with manufacturing and industrial sectors. These sectors could experience positive momentum under reduced regulation and lower tax rates.
QQQ
Negative
Caution is advised for stocks heavily reliant on consumer spending and those vulnerable to potential trade wars or government policy changes. These uncertainties could lead to volatility in segments of the market, especially for tech stocks which have performed well but might face challenges under a new economic policy landscape.
Related News
Trump vows 'tremendous incentive' on taxes during NYSE visit
Dec 12, 2024, 10:31 AM
Ahead of ringing Thursday's opening bell, President-elect Trump told the NYSE that "we're going to have an economy the likes of which nobody's ever seen before."
Stock market today: Nasdaq tops 20,000 for first time as Big Tech surge leads stocks higher
Dec 11, 2024, 1:16 PM
The CPI report sets the stage for the Federal Reserve's final interest rate decision of the year.
Wall Street Alliance Group partner Aadil Zaman reveals what will happen to the stock market when the 'sugar high' wears off on 'Making Money.'