Stock market today: Dow, S&P 500, Nasdaq futures signal a return to roaring rally as bitcoin tops $82,000

Published On Nov 11, 2024, 7:15 AM

US stock futures are indicating a strong start to the week with gains in Dow Jones, S&P 500, and Nasdaq index futures. Market optimism is attributed to expectations of lower corporate taxes and less regulation from the incoming Trump administration, following a week of record highs for stocks. Additionally, Bitcoin prices have surged past $82,000 due to positive sentiment towards cryptocurrencies under potential favorable policies from the new administration. Investors are also awaiting inflation data which could impact interest rate expectations.

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Stock Forecasts

SPYView SPY chart on TradingView

Positive

Thanks to the continued positive sentiment from the recent election results and the bullish momentum in the tech and crypto sectors, stocks are expected to rise.

COINView COIN chart on TradingView

Positive

With Bitcoin hitting record highs and backing from the new administration's policies, the cryptocurrency market may continue to see upward momentum, encouraging investments in crypto-focused stocks.

TSLAView TSLA chart on TradingView

Positive

Given the rally in Tesla and its significant rise after the election, it is positioned to benefit from the anticipated pro-business regulations and investor enthusiasm for EVs.

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