From Nasdaq: 2024-11-11 10:30:00

Wall Street had its best week of 2024, boosted by Trump’s re-election and a Fed rate cut. The S&P 500 and Dow gained 4.7%, crossing 6,000 and 44,000, respectively. Nasdaq hit 19,000 post-election, up 5%. Top movers included Tesla, reclaiming $1 trillion, and NVIDIA, surpassing $3.6 trillion and joining the Dow. Bitcoin surged past $82,000 post-Trump win. Fed cut interest rates by 25 bps to 4.5%-4.75%.

Trump’s re-election and Fed rate cuts fueled a rally in riskier assets. ETFs like VCAR, CRPT, JSML, AIRR, and KBWR surged last week. Trump’s policies support lower corporate taxes and domestic growth. Fed’s focus remains on jobs and inflation.

ETFs focusing on Tesla, crypto, small-cap growth, and regional banking saw significant gains. VCAR surged 52.2%, CRPT rose 36.2%, JSML gained 12.8%, AIRR was up 12.3%, and KBWR increased by 11.6%. These ETFs offer exposure to different sectors and market segments with varying levels of risk and potential returns.

Investors are optimistic about the future under Trump’s second term and the Fed’s focus on supporting economic growth. Tesla and NVIDIA were among the top performers last week, with Tesla regaining $1 trillion in market cap and NVIDIA becoming the first company to exceed $3.6 trillion. The market remains bullish on the prospects of these companies and their potential for future growth in key sectors like electric vehicles and AI.



Read more at Nasdaq: 5 Best ETFs of 2024’s Top Week Courtesy Trump Win, Fed Rate Cut