Stocks Settle Mostly Higher on President-Elect Trump’s Pro-Growth Promises

From Nasdaq: 2024-11-11 18:08:48

The S&P 500, Dow Jones, and Nasdaq closed with mixed results on Monday, with Tesla surging on Trump presidency speculation. Cryptocurrency-related stocks rallied, while chipmakers dragged the Nasdaq lower. Bitcoin hit a new high. Markets await US consumer price report. Companies in the S&P 500 reported strong Q3 earnings.

Overseas markets settled higher, with European bond yields falling. ECB could cut rates in December. US stock movers included Bristol Myers, Tesla, and cryptocurrency-linked stocks. Cigna, Salesforce, RadNet, and Winnebago also saw gains. Chip stocks retreated, impacting the Nasdaq 100. Monolithic Power Systems and Abbvie led losers in the S&P 500.

Earnings reports for November 12, 2024, include companies like Amdocs Ltd, Archer-Daniels-Midland Co, Home Depot Inc, Spotify Technology SA, and Tyson Foods Inc. Stock market news and analysis available. Disclaimer: Author does not hold positions in mentioned securities. Information for informational purposes only.



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