{"id":48401,"date":"2024-11-14T22:01:35","date_gmt":"2024-11-14T22:01:35","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-recap-wall-street-drifts-as-post-election-rally-cools\/48401\/"},"modified":"2024-11-14T22:01:35","modified_gmt":"2024-11-14T22:01:35","slug":"stock-market-recap-wall-street-drifts-as-post-election-rally-cools","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-recap-wall-street-drifts-as-post-election-rally-cools\/48401\/","title":{"rendered":"Stock Market Recap: Wall Street Drifts 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-as-post-election-rally-cools\/48401\/#Market_Performance_Major_Indexes_Show_Mixed_Results\" >Market Performance: Major Indexes 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-as-post-election-rally-cools\/48401\/#Why_Was_the_Market_Up_Earlier_This_Week\" >Why Was the Market Up Earlier This Week?<\/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-as-post-election-rally-cools\/48401\/#Federal_Reserve_and_Interest_Rate_Outlook\" >Federal Reserve and Interest Rate 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-as-post-election-rally-cools\/48401\/#Major_Stock_Movements_and_Corporate_News\" >Major Stock Movements and Corporate 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-recap-wall-street-drifts-as-post-election-rally-cools\/48401\/#Upcoming_Market_Events_and_Economic_Indicators\" >Upcoming Market Events and Economic Indicators<\/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-as-post-election-rally-cools\/48401\/#Global_Market_Overview\" >Global Market Overview<\/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-as-post-election-rally-cools\/48401\/#Looking_Ahead_Market_Expectations\" >Looking Ahead: Market Expectations<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Performance_Major_Indexes_Show_Mixed_Results\"><\/span>Market Performance: Major Indexes 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. As of midday trading, the major indexes were displaying mixed results:<\/p>\n<p>&#8211; The <b><a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a><\/b> was down 0.1%, but still hovering near its all-time high set on Monday.<br \/>&#8211; The <b><a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average<\/b> dipped slightly, down 15 points or less than 0.1%.<br \/>&#8211; The <b>Nasdaq Composite<\/b> experienced a modest decline of 0.2%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Was_the_Market_Up_Earlier_This_Week\"><\/span>Why Was the Market Up Earlier This Week?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The market&#8217;s recent surge can be attributed to the aftermath of Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#8217;s election victory. However, the momentum appears to be slowing as investors reassess the implications of the new administration&#8217;s policies. Economists suggest that <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#8217;s preferences for <b>lower tax rates, higher tariffs, and less regulation<\/b> could lead to:<\/p>\n<p>1. Higher U.S. government debt<br \/>2. Increased inflation<br \/>3. Faster economic growth<\/p>\n<p>These factors are causing traders to recalibrate their expectations for future Federal Reserve actions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Federal_Reserve_and_Interest_Rate_Outlook\"><\/span>Federal Reserve and Interest Rate Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Federal Reserve began cutting rates from their two-decade high in September, aiming to support the job market while keeping inflation in check. However, Trump&#8217;s victory may have altered the landscape:<\/p>\n<p>&#8211; Treasury yields initially jumped but later eased, with the 10-year Treasury yield settling at 4.41%.<br \/>&#8211; Traders are now pricing in an 82.3% chance of a 25-basis point interest rate cut at the Fed&#8217;s December meeting.<br \/>&#8211; Fed Chair Jerome Powell is scheduled to provide an economic outlook update to business leaders in Dallas later today.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Major_Stock_Movements_and_Corporate_News\"><\/span>Major Stock Movements and Corporate News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several companies made headlines with significant stock price movements:<\/p>\n<p>1. <b>Walt Disney Co. (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DIS\">DIS<\/a>)<\/b>: Shares jumped 7.8% after reporting stronger-than-expected quarterly profits, driven by improved streaming business performance and strong box office results.<\/p>\n<p>2. <b>Tapestry<\/b>: The luxury fashion company saw its shares surge 12.7% after announcing the termination of its merger with Capri.<\/p>\n<p>3. <b>Cisco Systems (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CSCO\">CSCO<\/a>)<\/b>: Despite reporting stronger profits, Cisco&#8217;s stock dropped 2.3%, possibly due to lower-than-expected financial forecasts.<\/p>\n<p>4. <b>Super Micro Computer<\/b>: A major beneficiary of the AI boom, fell 7.4% after announcing a delay in filing its quarterly financial statements.<\/p>\n<p>5. <b>Cryptocurrency-related companies<\/b>: Firms like Coinbase Global (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=COIN\">COIN<\/a>), MARA Holdings (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MARA\">MARA<\/a>), and MicroStrategy (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSTR\">MSTR<\/a>) saw gains as Bitcoin continued to climb on hopes of favorable policies under the Trump administration.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events_and_Economic_Indicators\"><\/span>Upcoming Market Events and Economic Indicators<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are closely watching several key events and economic indicators:<\/p>\n<p>1. <b>Producer Price Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PPI\">PPI<\/a>)<\/b> for October, expected to be released at 8:30 a.m. ET.<br \/>2. Weekly jobless claims data, also due at 8:30 a.m. ET.<br \/>3. Earnings reports from Walt Disney and Applied Materials before the market opens.<br \/>4. Speeches from Fed officials Adriana Kugler, Thomas Barkin, and John Williams later in the day.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Market_Overview\"><\/span>Global Market Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The impact of U.S. market trends is reverberating across global markets:<\/p>\n<p>&#8211; European indexes showed strength, with Germany&#8217;s DAX jumping 1.3%.<br \/>&#8211; Asian markets were mixed, with Hong Kong&#8217;s Hang Seng dropping 2%, while South Korea&#8217;s Kospi added 0.1%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead_Market_Expectations\"><\/span>Looking Ahead: Market Expectations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As the post-election rally shows signs of fatigue, investors are recalibrating their strategies. The market is likely to remain sensitive to:<\/p>\n<p>1. Upcoming economic data releases<br \/>2. Federal Reserve policy signals<br \/>3. Developments in the Trump administration&#8217;s economic plans<\/p>\n<p>Traders and analysts will be closely monitoring these factors to gauge the market&#8217;s direction in the coming weeks. The interplay between potential inflationary pressures and the Federal Reserve&#8217;s response will be crucial in shaping market sentiment and performance.<\/p>\n<p>In conclusion, while the stock market&#8217;s post-election enthusiasm may be waning, the underlying economic factors and policy shifts continue to provide a dynamic and closely-watched trading environment. Investors should stay tuned to upcoming economic indicators and Federal Reserve communications for further guidance on market trends.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Performance: Major Indexes Show Mixed Results On Thursday, November 14, 2024, the U.S. stock market showed signs of cooling [&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":[29,809,1566,3001,3764,3776],"class_list":["post-48401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-csco","tag-dis","tag-mstr","tag-coin","tag-ppi","tag-mara"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/48401","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=48401"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/48401\/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=48401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=48401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=48401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}