From Nasdaq: 2024-11-08 18:09:31

Stocks closed higher on Friday, with the S&P 500, Dow Jones, and Nasdaq 100 hitting new all-time highs. Optimism over potential Trump policies drove the rally. Economic data showed a rise in consumer sentiment but mixed inflation expectations. Corporate earnings were mostly positive, with companies beating estimates. Expectations are high for a rate cut at the upcoming FOMC meeting.

Overseas markets settled mixed, with European bonds seeing lower yields. Interest rates saw modest gains as T-notes benefited from global bond rallies. Swaps are pricing in a rate cut by the ECB. Stock movers included Axon Enterprise, Insulet Corp, and Fortinet, all reporting positive results. Negative news affected Akamai and Arista Networks.

US-listed Chinese stocks faced pressure after government announcements. Earnings reports for companies like Aramark and Live Nation Entertainment are expected. Overall, market sentiment remains positive, with strong earnings and economic data driving stock prices higher. Bond yields and interest rates remain in focus as investors anticipate further central bank actions.



Read more at Nasdaq: Stocks Settle Higher on Optimism Over President-Elect Trump’s Policies