Trump says he’s not going to make any stock market predictions in case there’s a ‘dip’
Published On Dec 12, 2024, 10:29 AM
Donald Trump, while visiting the New York Stock Exchange, refrained from making stock market predictions, citing concerns over potential market dips. He acknowledged the S&P 500's performance during his first term, which saw a 68% increase, largely attributed to tax cuts and low-interest rates. Trump hinted at future tax cuts aimed at incentivizing domestic manufacturing but did not endorse immediate stock investments, expressing optimism about long-term economic performance.
Stock Forecasts
SPY
Positive
Trump's focus on potential tax cuts and a positive long-term outlook may boost investor sentiment, particularly in sectors that would benefit from lower corporate taxes and increased domestic production.
Related News
PPI shows wholesale inflation jumped more than expected amid 'extended and bumpy journey' to Fed's target
Dec 12, 2024, 9:42 AM
Thursday's wholesale inflation reading follows a string of releases that have shown price increases aren't rapidly falling toward the Fed's 2% target.
Trump rings opening bell at New York Stock Exchange
Dec 12, 2024, 9:32 AM
President-elect Donald Trump on Thursday rang the opening bell at the New York Stock Exchange in the Manhattan borough of New York City.
Wholesale inflation jumps more than expected in November as price pressures remain sticky
Dec 12, 2024, 9:02 AM
Thursday's wholesale inflation reading follows a string of releases that have shown price increases aren't rapidly falling toward the Fed's 2% target.