{"id":48382,"date":"2024-11-12T15:28:41","date_gmt":"2024-11-12T15:28:41","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-major-indexes-hit-record-highs-as-post-election-rally-continues\/48382\/"},"modified":"2024-11-12T15:28:41","modified_gmt":"2024-11-12T15:28:41","slug":"stock-market-today-major-indexes-hit-record-highs-as-post-election-rally-continues","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-major-indexes-hit-record-highs-as-post-election-rally-continues\/48382\/","title":{"rendered":"Stock Market Today: Major Indexes Hit Record Highs as Post-Election Rally Continues"},"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-major-indexes-hit-record-highs-as-post-election-rally-continues\/48382\/#Market_Overview_November_12_2024\" >Market Overview: November 12, 2024<\/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-major-indexes-hit-record-highs-as-post-election-rally-continues\/48382\/#Why_Is_the_Market_Up_Today\" >Why Is the Market Up Today?<\/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-major-indexes-hit-record-highs-as-post-election-rally-continues\/48382\/#Current_Market_Performance\" >Current Market Performance<\/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-major-indexes-hit-record-highs-as-post-election-rally-continues\/48382\/#Major_Stock_News\" >Major Stock News<\/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-major-indexes-hit-record-highs-as-post-election-rally-continues\/48382\/#Upcoming_Market_Events\" >Upcoming Market 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-major-indexes-hit-record-highs-as-post-election-rally-continues\/48382\/#Cryptocurrency_and_Related_Stocks\" >Cryptocurrency and Related Stocks<\/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-major-indexes-hit-record-highs-as-post-election-rally-continues\/48382\/#Market_Outlook\" >Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Overview_November_12_2024\"><\/span>Market Overview: November 12, 2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The stock market continued its impressive post-election rally on Tuesday, November 12, 2024, with major indexes reaching new all-time highs. Investors remain bullish as they anticipate the impact of President-elect Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#8217;s policies on the U.S. economy. <b>The <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a>, Nasdaq Composite, and <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average all closed at record levels<\/b>, reflecting the market&#8217;s optimism.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_the_Market_Up_Today\"><\/span>Why Is the Market Up Today?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several factors are contributing to the current market uptrend:<\/p>\n<p>1. <b>Post-election optimism:<\/b> Investors are betting on <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#8217;s protectionist policies benefiting U.S. industries, especially the manufacturing sector.<\/p>\n<p>2. <b>Interest rate cuts:<\/b> The Federal Reserve&#8217;s recent rate cuts have boosted confidence in risky assets like equities. The current fed funds rate stands at 4.50-4.75%, down from a 23-year high of 5.25-5.5% in mid-September.<\/p>\n<p>3. <b>Strong economic fundamentals:<\/b> The U.S. GDP grew at 1.6%, 3%, and 2.8% in the first three quarters of 2024, respectively, with estimates of 2.5% growth for the fourth quarter.<\/p>\n<p>4. <b>Positive earnings reports:<\/b> As of November 8, 73.5% of S&#038;P 500 companies have beaten earnings per share (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=EPS\">EPS<\/a>) estimates, with total earnings up 7.1% year over year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Current_Market_Performance\"><\/span>Current Market Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of the market close on November 12, 2024:<\/p>\n<p>&#8211; <b>Dow Jones Industrial Average (^DJI):<\/b> Rose 0.7% to close at 44,293.13, marking its first close above 44,000.<br \/>&#8211; <b>S&#038;P 500 (^GSPC):<\/b> Gained 0.1% to finish at 6,001.35, closing above 6,000 for the first time.<br \/>&#8211; <b>Nasdaq Composite (^IXIC):<\/b> Finished at a record high of 19,298.76, rising 0.1%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Major_Stock_News\"><\/span>Major Stock News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>1. <b>Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>):<\/b> After surging 9% on Monday, Tesla&#8217;s stock saw a slight pullback of 2% in early trading on Tuesday. The electric vehicle maker has gained over 40% in the past week.<\/p>\n<p>2. <b>Honeywell (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=HON\">HON<\/a>):<\/b> Shares jumped more than 5% following reports of activist investor Elliott Investment Management taking a $5 billion stake in the company.<\/p>\n<p>3. <b>Home Depot (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=HD\">HD<\/a>):<\/b> The retailer&#8217;s shares rose about 1% after reporting better-than-expected quarterly results and boosting sales projections.<\/p>\n<p>4. <b>Shopify (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SHOP\">SHOP<\/a>):<\/b> The e-commerce platform&#8217;s stock soared more than 20% after a strong earnings report.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events\"><\/span>Upcoming Market Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors should keep an eye on these potential market movers:<\/p>\n<p>1. <b>Further interest rate decisions:<\/b> The CME FedWatch tool indicates a 70% probability of another 25 basis-point rate cut in December.<\/p>\n<p>2. <b>Ongoing earnings season:<\/b> With 452 S&#038;P 500 companies having reported so far, the remaining reports could impact market sentiment.<\/p>\n<p>3. <b>Economic data releases:<\/b> Upcoming reports on inflation, employment, and GDP growth will be closely watched for signs of economic health.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cryptocurrency_and_Related_Stocks\"><\/span>Cryptocurrency and Related Stocks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The cryptocurrency market is also experiencing significant gains:<\/p>\n<p>&#8211; <b>Bitcoin (BTC-USD):<\/b> Reached a new all-time high near $90,000 before settling around $86,000.<br \/>&#8211; <b>Coinbase (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=COIN\">COIN<\/a>):<\/b> The cryptocurrency exchange&#8217;s stock has surged over 70% in the past five days.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook\"><\/span>Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While the market rally has been impressive, some analysts caution that stocks may be overbought in the short term. Bank of America reports that investor exposure to U.S. stocks is at an 11-year high, which could set the stage for profit-taking.<\/p>\n<p>As the market digests President-elect Trump&#8217;s cabinet picks and potential policy directions, volatility may increase. Investors should remain vigilant and consider the potential impacts of upcoming economic data and policy decisions on their portfolios.<\/p>\n<p>In conclusion, <b>the <a href=\"https:\/\/stockmarketwatch.com\/live\/stock-market-today\" data-internallinksmanager029f6b8e52c=\"6\" title=\"Stock Market Today\">stock market today<\/a> reflects a strong bullish sentiment, driven by post-election optimism and favorable economic conditions<\/b>. However, as with any market rally, investors should remain cautious and stay informed about potential risks and opportunities in this dynamic economic environment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: November 12, 2024 The stock market continued its impressive post-election rally on Tuesday, November 12, 2024, with major [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[94],"tags":[4,489,3001,3878,3879,3886],"class_list":["post-48382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-tsla","tag-hon","tag-coin","tag-hd","tag-shop","tag-eps"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/48382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=48382"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/48382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=48382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=48382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=48382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}