TheDrop Market Analysis, 11/12/24

Alexangel Ventura
Nov 12, 2024
1 min read

Markets cooled as investors weigh in on the next Trump administration.

All index funds fell today, but the Dow led the way with a decrease of 0.9%.

Investors throughout the day obtained news of a variety of new members of the 2nd Trump administration, which could have lasting implications on the market. A massive selloff ensued today.

Most stocks are down, especially Big Tech, as it consolidates to more suitable levels following a strong week last week. Tesla ended its hype train, falling to $327 from $350. DJT, SMCI, and Lucid also fell today. Meanwhile, Nvidia and Amazon rose.

Shopify and Tyson Foods are among the largest increases of the day.

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TheDrop Market Analysis, 11/12/24

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