Potential rally expected before holiday season, Dow closes at record high

From Nasdaq: 2024-11-26 14:00:00

The post-election rally paused last week, but markets have rebounded, signaling a potential rally before the holiday season. The historically strong fourth quarter for stocks could benefit Dow. Investors are advised to consider Amazon.com, Inc. (AMZN), NVIDIA Corporation (NVDA), and The Walt Disney Company (DIS) for solid returns.

Dow surged on Monday, closing at a record high of 44,736.57 points, marking its 45th record close in 2024. Industrial and utility stocks have driven gains, with a positive outlook on President-elect Donald Trump’s Treasury Secretary pick. Expectations of major reforms, including tax cuts, are fueling investor optimism.

The Dow rally intensified after Trump’s election win, with a post-election surge unseen in 128 years. Expectations of lower taxes and regulations under Trump’s leadership have boosted investor confidence. The Federal Reserve’s rate cuts are also anticipated to continue, with market pricing suggesting a 56.2% chance of a rate cut in December.

Amazon.com, Inc. (AMZN) is a dominant e-commerce provider with a robust distribution network and cloud-computing presence. NVIDIA Corporation (NVDA) leads in visual computing technologies and AI solutions, while The Walt Disney Company (DIS) spans movies, TV shows, and theme parks. These companies show strong growth potential in their respective sectors.

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Read more at Nasdaq: 3 Stocks Set to Gain as Dow Logs 45th Record Close of the Year