TheDrop Market Analysis, 11/14/24

Alexangel Ventura
Nov 14, 2024
1 min read

Markets fell today as the Fed is cutting rates merely reluctantly.

Powell said in a speech recently that the Fed "is in no hurry" to cut rates, worrying many investors who anticipated another quick rate cut before the end of the year.

The Dow, S&P, and the Nasdaq slid as a result. The Nasdaq fell the most with an almost 0.7% decline.

Evidently, most tickers fell in the completely bearish market. These included Tesla, Meta, and Amazon.

Nvidia, Apple, and Amazon, surprisingly, remained resilient today and even increased by small margins.

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TheDrop Market Analysis, 11/14/24

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