The week started with major volatility in the US stock market following Donald Trump’s victory in the presidential election. Investors were keenly watching the Federal Reserve’s interest rate decision due later in the week, anticipating a 25 basis point rate cut.
As the week progressed, stocks continued to surge, with the S&P 500 and Nasdaq Composite hitting record highs. Companies like Nvidia and Amazon saw their stock prices soar as investors remained optimistic about Trump’s pro-business policies.
The Trump effect was also evident in the mortgage rates, with a sixth consecutive week of increases driven by rising Treasury yields post-election. Companies were already preparing for potential changes in tariffs and regulations as a result of Trump’s victory.
Earnings reports also made waves in the market, with companies like Moderna and Warner Bros. seeing stock price surges after beating expectations. On the other hand, Hershey faced a dip in its stock price due to challenges linked to high cocoa prices impacting sales outlook.
Amidst all the market action, Bitcoin reached new highs, Netflix stock continued its upward trend, and Lyft shares soared after posting strong quarterly results.
Extreme Investor Network’s expert analysis sheds light on the implications of these market movements and how investors can navigate and capitalize on the opportunities presented. Stay tuned for more updates and insights to make informed investment decisions in the ever-evolving financial landscape.