TheDrop Market Analysis, 11/11/24

Alexangel Ventura
Nov 11, 2024
1 min read

Markets soared as the 2024 election cycle continues to hype up some investors.

All index funds are up, with the Dow leading the way by 0.7%. The Russell surged again with an increase of 1.5%.

Tesla fueled today's bull market. The company soared 8%, reaching a new peak of over $350 per share. Donald J. Trump's 2024 election victory also helped Elon Musk, who is expected to play a role in the 2nd Trump administration.

Most other stocks had very mixed results. While Google and DJT rose, Apple and Amazon fell, highlighting a variety of investor concerns, but an unanimous agreement that the next Trump admin could play a big role in the stock market.

It seems as though stocks, excluding DJT and Tesla, have cooled down from their post-election bump.

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