From Nasdaq: 2024-11-15 12:57:22

1. The Dow Jones and S&P 500 hit historic highs before losing momentum due to inflation concerns. Key data readings and retail sales are leading to potential weekly losses for all three indexes, with the SPX and Nasdaq on track for their worst week since September.
2. Republicans secure control of both the U.S. House and Senate, while Federal Reserve Chair Jerome Powell states the central bank has time to decide on interest rates following the election.
3. Post-election trading options and sector movements are in focus, with Tesla benefiting from Trump’s victory. Gold prices soar to record highs, while the AI rally pauses as OpenAI prepares to present its U.S. AI infrastructure plan.
4. Analysts downgrade Okta and Starbucks stocks, while Twilio hits two-year highs and BWX Technologies reaches record levels. Retail earnings are expected ahead of the holiday season, with a focus on manufacturing and services data.
5. End-of-year tax tips and potential challenges for the SPX are discussed by Schaeffer’s analysts, providing insights for optimizing portfolios and navigating market movements.

Read more at Nasdaq: Behind This Week’s Turbulent Price Action on Wall Street