TheDrop Market Analysis, 11/5/24

Alexangel Ventura
Nov 5, 2024
1 min read

Markets cooled as the pivotal U.S. presidential election comes to a close.

All index funds grew by small margins, with the S&P up 1.2%, the Nasdaq up 1.4%, and the Dow up 1%. Investors are placing their bets on who will win the election, as the presidential winner could determine the near future of the stock market.

Tech stocks drove today's gains. Nvidia rose 2.8%, Apple grew 0.7%, and Google rose 0.4%.

Trump Media has fallen by a small margin, but not significantly, as Trump's chances remain relatively in line with his opponent's.

SMCI surged today as investors anticipated their crucial earnings report.

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TheDrop Market Analysis, 11/5/24

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