Stocks set to open higher as investors evaluate Trump's tariff threats

From Investing.com: 2024-11-26 09:06:07

The Dow and Nasdaq poised for gains as investors weigh Trump’s tariff threats. Automakers like Ford and General Motors drop in premarket trading. Analysts speculate on whether threats are a negotiation tactic. Yields on Treasury bonds rise, impacting equities. S&P 500 hits record high, small-cap companies drive up index. Russell futures drop 0.4%.

Consumer confidence survey and Fed meeting minutes on the agenda. Focus on personal consumption expenditure report. Trump’s policies may boost economy but could lead to inflation, affecting Fed’s rate cuts. Minneapolis Fed President open to cutting rates next month. Traders predict 59.4% chance of 25-basis point rate cut in December.

Wells Fargo gains 1.4% as asset cap could be lifted next year. Amgen drops 11.6% on disappointing obesity drug results. Eli Lilly rises 4.3% on Biden’s proposal to expand Medicare coverage for anti-obesity drugs. Kohl’s slides 18.6% on lower sales forecast.



Read more at Investing.com: S&P 500, Nasdaq set to open higher as investors assess Trump’s tariff threats By Reuters