TheDrop Market Analysis, 01/13/24

Markets had mixed results as investors weigh in on countless news stories.

The Nasdaq fell once again, today by a large 0.4%. Meanwhile, the Dow and the S&P both rose, growing 0.9% and 0.2%, respectively. Investors today both rejoiced today as the market has largely finished correcting and reached undervalued levels, but also lamented at President Biden's latest restrictions on the export of GPU processors across the globe, sinking members of the Nasdaq.

AI chip stocks had an especially rough time today. Nvidia sank 2%, while its competitors Intel, Broadcom, Microsoft, and others experienced little to no improvement, with many of them even falling alongside Nvidia. However, Tesla, a key member of the Nasdaq, grew by 2% as investors grew optimistic about the company's future success, with a second Trump term right at the corner.

One week before the Trump0 inauguration, Trump Media and Technology (DJTWW) rose by almost 31% in unprecedented fashion, with many investors pouring in to buy the stock. CVS, UnitedHealth, and others all surged today following news of a potential Medicare advantage payment boost.