TheDrop Market Analysis, 11/13/24

Alexangel Ventura
Nov 13, 2024
1 min read

Markets stagnate today as a variety of outcomes leads to different trends.

Today's inflation report revealed November's inflation rate to be spot on what investors anticipated. Thus, markets didn't drop nor surge. On the good side, Fed rate cuts are virtually guaranteed with this new data, as inflation continues to cool with lower rates. The Dow and S&P rose marginally, while the Nasdaq fell.

Nvidia fell by 1.4%, along with marginal declines for Samsung, Meta, and Google. Amazon and Microsoft rose, but not by large enough margins to carry the Nasdaq to success.

Tesla saw marginal growth after news that Elon Musk will be a co-chair of the Department of Government Efficiency in the new Trump administration.

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TheDrop Market Analysis, 11/13/24

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Huge Netflix-Warner Bros. Deal Attracts Heat from Politicians

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