TheDrop Market Analysis, 12/05/24 AND 12/06/24

Alexangel Ventura
Dec 6, 2024
1 min read

A critical last-minute job report shook the stock market tremendously, revealing widely different sentiments by investors.

On Thursday, stocks fell as investors panicked over Friday's jobs report. All index funds were down that day, with the Nasdaq and Dow taking the deepest plunges. However, on Friday, a better-than-expected jobs report highlighting strong job growth moved the Fed toward another substantial rate cut, sending stocks up throughout the day.

Most, if not all, stocks surged today. These included Tesla, Amazon, Alphabet, and SMCI. Apple and Nvidia plunged, however, as they are consolidating their approximated curve after previously experiencing massive surges.

UnitedHealth Group and other health insurers, meanwhile, plummeted following the assassination of UnitedHealth CEO Brian Thompson in NYC.

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TheDrop Market Analysis, 12/05/24 AND 12/06/24

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Top Stories

Huge Netflix-Warner Bros. Deal Attracts Heat from Politicians

Stock "Trump accounts" given green light by first donors, bolstering feasibility

Mamdani & Trump's White House Meeting: How the Left and the Right are agreeing to come together

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