{"id":48371,"date":"2024-11-11T12:01:39","date_gmt":"2024-11-11T12:01:39","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-futures-trend-higher-as-markets-build-on-election-week-rally\/48371\/"},"modified":"2024-11-11T12:01:39","modified_gmt":"2024-11-11T12:01:39","slug":"stock-market-today-futures-trend-higher-as-markets-build-on-election-week-rally","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-trend-higher-as-markets-build-on-election-week-rally\/48371\/","title":{"rendered":"Stock Market Today: Futures Trend Higher as Markets Build on Election Week Rally"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-trend-higher-as-markets-build-on-election-week-rally\/48371\/#Market_Overview\" >Market Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-trend-higher-as-markets-build-on-election-week-rally\/48371\/#Major_Index_Performance\" >Major Index Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-trend-higher-as-markets-build-on-election-week-rally\/48371\/#Key_Market_Drivers\" >Key Market Drivers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-trend-higher-as-markets-build-on-election-week-rally\/48371\/#Notable_Stock_Movements\" >Notable Stock Movements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-trend-higher-as-markets-build-on-election-week-rally\/48371\/#Upcoming_Economic_Events\" >Upcoming Economic Events<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-trend-higher-as-markets-build-on-election-week-rally\/48371\/#Corporate_Earnings_to_Watch\" >Corporate Earnings to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-trend-higher-as-markets-build-on-election-week-rally\/48371\/#Global_Market_Outlook\" >Global Market Outlook<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-futures-trend-higher-as-markets-build-on-election-week-rally\/48371\/#Market_Sentiment_and_Future_Outlook\" >Market Sentiment and Future Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Overview\"><\/span>Market Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of Monday, November 11, 2024, U.S. stock futures are trending higher, building on the momentum from last week&#8217;s post-election rally. The market&#8217;s positive sentiment reflects investors&#8217; optimism following Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#8217;s re-election and the Federal Reserve&#8217;s recent interest rate cut.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Major_Index_Performance\"><\/span>Major Index Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of 4:05 a.m. EST, futures on major indices showed promising gains:<\/p>\n<p>&#8211; <b>Nasdaq 100 (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NDX\">NDX<\/a>)<\/b>: Up 0.27%<br \/>&#8211; <b><a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SPX\">SPX<\/a>)<\/b>: Up 0.26%<br \/>&#8211; <b><a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DJIA\">DJIA<\/a>)<\/b>: Up 0.22%<\/p>\n<p>Last week&#8217;s performance was particularly strong, with the S&#038;P 500 rising 4.66%, the Dow Jones increasing by 4.61%, and the Nasdaq Composite advancing 5.74%. Notably, the Dow Jones crossed the 44,000 mark for the first time in history on Friday, closing at 43,988.99.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Market_Drivers\"><\/span>Key Market Drivers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several factors are contributing to the current market optimism:<\/p>\n<p>1. <b><a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#8217;s Re-election<\/b>: Investors anticipate business-friendly policies, including potential tax cuts and looser regulations under Trump&#8217;s second term.<\/p>\n<p>2. <b>Federal Reserve Rate Cut<\/b>: The Fed&#8217;s decision to cut interest rates by 0.25% has eased concerns about economic headwinds from high financing costs.<\/p>\n<p>3. <b>Strong Corporate Earnings<\/b>: Several technology companies reported impressive quarterly results last week, helping to drive markets higher.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Notable_Stock_Movements\"><\/span>Notable Stock Movements<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>)<\/b> has been a significant beneficiary of Trump&#8217;s re-election, with its market capitalization surpassing the $1 trillion mark for the first time. CEO Elon Musk&#8217;s support for Trump&#8217;s candidacy appears to be paying dividends for the electric vehicle manufacturer.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Economic_Events\"><\/span>Upcoming Economic Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors should keep an eye on these crucial economic events this week:<\/p>\n<p>1. <b>October&#8217;s Consumer Price Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CPI\">CPI<\/a>)<\/b> &#8211; Wednesday, November 13<br \/>2. <b>October&#8217;s Core CPI<\/b> (excluding Food and Energy) &#8211; Wednesday, November 13<br \/>3. <b>October&#8217;s Producer Price Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PPI\">PPI<\/a>)<\/b> &#8211; Thursday, November 14<br \/>4. <b>October&#8217;s Retail Sales<\/b> &#8211; Friday, November 15<\/p>\n<p>These reports, particularly the CPI data, will be closely watched as they influence the Federal Reserve&#8217;s future interest rate decisions and provide insights into inflation trends.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Corporate_Earnings_to_Watch\"><\/span>Corporate Earnings to Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several major companies are set to report earnings this week, including:<\/p>\n<p>&#8211; Monday.com (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MNDY\">MNDY<\/a>)<br \/>&#8211; Home Depot (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=HD\">HD<\/a>)<br \/>&#8211; Marathon Petroleum (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MARA\">MARA<\/a>)<br \/>&#8211; Occidental Petroleum (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=OXY\">OXY<\/a>)<br \/>&#8211; Shopify (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SHOP\">SHOP<\/a>)<br \/>&#8211; Walt Disney (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DIS\">DIS<\/a>)<br \/>&#8211; JD.com (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=JD\">JD<\/a>)<br \/>&#8211; Alibaba (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=BABA\">BABA<\/a>)<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Market_Outlook\"><\/span>Global Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While U.S. markets are showing strength, Asian markets presented a mixed picture on Monday. Chinese stocks faced pressure following disappointing economic stimulus measures and lower-than-expected inflation data. The Hong Kong Hang Seng index closed down 1.45%, while mainland Chinese indices showed some gains.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Sentiment_and_Future_Outlook\"><\/span>Market Sentiment and Future Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The market&#8217;s positive momentum is expected to continue in the short term, driven by optimism surrounding Trump&#8217;s pro-business policies and the Fed&#8217;s accommodative stance. However, investors should remain cautious and monitor upcoming economic data, particularly inflation figures, which could influence future Fed decisions.<\/p>\n<p>Federal Reserve Chair Jerome Powell has emphasized that future policy decisions will be data-dependent, noting that the economy has remained more robust than expected. While the Fed anticipates performing additional rate cuts in the future, there&#8217;s a possibility of a pause at the December meeting, depending on economic indicators.<\/p>\n<p>As the markets navigate post-election dynamics and ongoing economic uncertainties, investors should stay informed about both domestic and global economic developments that could impact stock performance in the coming weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview As of Monday, November 11, 2024, U.S. stock futures are trending higher, building on the momentum from last 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