TheDrop Market Analysis, 11/6/24

Alexangel Ventura
Nov 6, 2024
1 min read

Markets surged by massive margins following Donald Trump's monumental victory in the 2024 Presidential Election.

All index funds are up. The S&P sharply rose 2.5%, the Dow by 3.5%, and the Nasdaq by 3.0%. Even the Russell surged, evidenced by its almost 6% surge today. Trump has made it clear that he is the business-friendly candidate, and investors hope that a second Trump term could deliver strong economic growth.

Tesla and Trump Media stock led today's rise, both by double digits. President Trump has made it clear that he will appoint Tesla CEO Elon Musk to a position in his cabinet/administration, helping his stock surge.

Other stocks surged as well, including Big Tech, banks, oil, and so much more. SMCI fell today after the fallout of a bad earnings report.

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TheDrop Market Analysis, 11/6/24

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