TheDrop Market Analysis, 10/11/24

For the most part, the stock market finished strong following a greatly consequential CPI inflation report.

All index funds are up. The Dow grew by 1%, the S&P by 0.6%, and the Nasdaq by 0.3%. Meanwhile, oil prices began to fall as markets cool down.

Evidently, most companies are up today; Google began to recover by 0.8%, AMD by 2.2%, and Microsoft by 0.1%. Nvidia stayed stable, while Apple fell marginally, but not by much. JP Morgan surged by 4.4% after its statement affirming that the U.S. economy "made a soft landing," and its latest earnings report highlighted positives for the company.

Tesla stock defined today's market. The EV producer fell by a whopping 8% after a failed Robotaxi event.