S&P 500 posts record high close, Trump-linked stocks
By Lisa Pauline Mattackal and Purvi
Agarwal
Mon November 11, 2024 12:31 PM
On this Veterans Day, it was yet another day of jubilation following Trump’s victory with the Dow jumping 500 points right out the gate and S&P up 23. Then all the indexes took a sharp dive at 1 pm but recovered an hour later. The tech indexes had more of a struggle but all three ended with gains, the Dow especially closing up 304. The Dow’s surge, resulting in yet another record close, is attributed to stocks expected to benefit from Trump’s proposed policies.
The much weaker performance from tech was
written off as the market simply taking a breather after both the S&P and
Nasdaq gained a whopping 4% and 5% since the election. But, as one expert said,
“The trend is moving higher. I would not be surprised if the Trump rally bleeds
into a Santa Claus rally.” Once again, as has been true since Wednesday, volume
is way above the monthly 12.8 billion average, coming in today at 15.4
billion.
DJ: 43,988.99 +259.65 NAS: 19,286.78
+17.32 S&P: 5,995.54
+22.44 11/8
DJ: 44,293.13 +304.14 NAS: 19,298.76 +11.99 S&P: 6,001.35 +5.81 11/11
No comments:
Post a Comment