{"id":48399,"date":"2024-11-14T19:01:34","date_gmt":"2024-11-14T19:01:34","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-recap-wall-street-drifts-near-records-as-post-election-rally-cools\/48399\/"},"modified":"2024-11-14T19:01:34","modified_gmt":"2024-11-14T19:01:34","slug":"stock-market-recap-wall-street-drifts-near-records-as-post-election-rally-cools","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-recap-wall-street-drifts-near-records-as-post-election-rally-cools\/48399\/","title":{"rendered":"Stock Market Recap: Wall Street Drifts Near Records as Post-Election Rally Cools"},"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-recap-wall-street-drifts-near-records-as-post-election-rally-cools\/48399\/#Market_Performance_S_P_500_Dow_and_Nasdaq_Show_Mixed_Results\" >Market Performance: S&#038;P 500, Dow, and Nasdaq Show Mixed Results<\/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-recap-wall-street-drifts-near-records-as-post-election-rally-cools\/48399\/#Sector_Performance_and_Notable_Stocks\" >Sector Performance and Notable Stocks<\/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-recap-wall-street-drifts-near-records-as-post-election-rally-cools\/48399\/#Economic_Data_and_Federal_Reserve_Outlook\" >Economic Data and Federal Reserve Outlook<\/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-recap-wall-street-drifts-near-records-as-post-election-rally-cools\/48399\/#Upcoming_Market_Events_and_Potential_Catalysts\" >Upcoming Market Events and Potential Catalysts<\/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-recap-wall-street-drifts-near-records-as-post-election-rally-cools\/48399\/#Market_Sentiment_and_Volatility\" >Market Sentiment and Volatility<\/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-recap-wall-street-drifts-near-records-as-post-election-rally-cools\/48399\/#International_Market_Performance\" >International Market Performance<\/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-recap-wall-street-drifts-near-records-as-post-election-rally-cools\/48399\/#Looking_Ahead_Market_Outlook\" >Looking Ahead: Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Performance_S_P_500_Dow_and_Nasdaq_Show_Mixed_Results\"><\/span>Market Performance: S&#038;P 500, Dow, and Nasdaq Show Mixed Results<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On Thursday, November 14, 2024, the U.S. stock market showed signs of cooling off after the recent post-election rally, with major indexes drifting near their record highs. The <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> edged up 0.1% to close at 5,985.38, while the <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>) rose 0.1% to 43,958.19. The tech-heavy Nasdaq Composite, however, slipped 0.3% to finish at 19,230.72.<\/p>\n<p><b>Why was the market up today?<\/b> The slight gains in the S&#038;P 500 and Dow can be attributed to ongoing optimism following the Republican victory in the U.S. House of Representatives, giving the party control of both chambers of Congress as well as the presidency. This political alignment is expected to facilitate easier passage of legislation, which markets generally view favorably.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sector_Performance_and_Notable_Stocks\"><\/span>Sector Performance and Notable Stocks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Eight out of eleven broad sectors in the S&#038;P 500 ended in positive territory. The Consumer Discretionary Select Sector SPDR (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=XLY\">XLY<\/a>), Real Estate Select Sector SPDR (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=XLRE\">XLRE<\/a>), and Energy Select Sector SPDR (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=XLE\">XLE<\/a>) were the top performers, advancing 0.9%, 0.8%, and 0.8%, respectively.<\/p>\n<p>Notable stock movements included:<\/p>\n<p>1. The Walt Disney Co. (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DIS\">DIS<\/a>) jumped 7.8% after reporting stronger-than-expected quarterly profits, driven by improved streaming business performance and strong box office results.<br \/>2. Tapestry (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TPR\">TPR<\/a>) shares surged 12.7% following the announcement of the termination of its merger with Capri Holdings.<br \/>3. Cisco Systems (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CSCO\">CSCO<\/a>) dropped 2.3% despite beating profit expectations, possibly due to underwhelming financial forecasts.<br \/>4. Super Micro Computer (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SMCI\">SMCI<\/a>), an AI boom beneficiary, fell 7.4% after announcing a delay in filing its quarterly financial statements.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Economic_Data_and_Federal_Reserve_Outlook\"><\/span>Economic Data and Federal Reserve Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The October Consumer Price Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CPI\">CPI<\/a>) data, released earlier in the week, showed inflation rising at an annual rate of 2.6%, up from 2.4% in September. Despite this uptick, market participants have increased their expectations for a Federal Reserve rate cut in December. The CME FedWatch tool now indicates an 83% probability of a 25 basis-point rate reduction, up from 59% just a day earlier.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events_and_Potential_Catalysts\"><\/span>Upcoming Market Events and Potential Catalysts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are closely watching several upcoming events that could impact market direction:<\/p>\n<p>1. Producer Price Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PPI\">PPI<\/a>) data release on Thursday, November 14, 2024<br \/>2. Federal Reserve Chair Jerome Powell&#8217;s speech at the Dallas Regional Chamber later on Thursday<br \/>3. Ongoing third-quarter earnings reports from major companies<br \/>4. Potential policy announcements from the newly-elected Republican-controlled Congress<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Sentiment_and_Volatility\"><\/span>Market Sentiment and Volatility<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The market&#8217;s fear gauge, the CBOE Volatility Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=VIX\">VIX<\/a>), fell around 5% on Wednesday to its lowest close since July, indicating relatively low investor anxiety. However, trading volume remains elevated, with 16.49 billion shares traded on Wednesday, higher than the last 20-session average of 13.46 billion.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"International_Market_Performance\"><\/span>International Market Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>European markets showed moderate gains on Thursday, with the pan-European Stoxx 600 up 0.19% in early deals. The U.K.&#8217;s FTSE 100 index was down 0.11%, Germany&#8217;s DAX rose 0.42%, France&#8217;s CAC increased 0.08%, and Italy&#8217;s FTSE MIB climbed 0.44%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead_Market_Outlook\"><\/span>Looking Ahead: Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As the post-election rally shows signs of slowing, investors are reassessing market conditions and potential catalysts for future growth. The focus remains on inflation trends, Federal Reserve policy decisions, and the implementation of new economic policies under the Republican-controlled government.<\/p>\n<p><b>Key factors to watch in the coming days include:<\/b><br \/>&#8211; Further corporate earnings reports<br \/>&#8211; Federal Reserve officials&#8217; comments on monetary policy<br \/>&#8211; Progress on potential legislative initiatives from the new Congress<br \/>&#8211; Global economic indicators and geopolitical developments<\/p>\n<p>In conclusion, while the stock market recap for November 14, 2024, shows a mixed performance, the overall sentiment remains cautiously optimistic. Investors are balancing the potential benefits of a unified government against ongoing economic challenges and the evolving monetary policy landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Performance: S&#038;P 500, Dow, and Nasdaq Show Mixed Results On Thursday, November 14, 2024, the U.S. stock market showed 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