TheDrop Market Analysis, 11/8/24

Alexangel Ventura
Nov 8, 2024
1 min read

Markets finish the week strong, once again reaching all-time highs all across the board.

All index funds are up, the Dow by 0.6%, the Nasdaq by 0.1%, and the S&P 500 by 0.4%. Investors are growing in optimism for the economy after the Trump election and the Fed rate cut.

Big Tech slumped today, except for Tesla, which reported an 8% increase. Crude oil fell today as energy prices seem to be on a downward trend, especially as the Trump administration will work on reducing energy prices.

Trump Media and Tempus AI both surged today, highlighting strong investor confidence in politics and artificial intelligence, respectively.

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TheDrop Market Analysis, 11/8/24

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Huge Netflix-Warner Bros. Deal Attracts Heat from Politicians

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