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☆ CNBC Daily Open: The markets are living in Trump’s world for now
▼ + stars: | 2024-11-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Brandon Bell | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineEven before Trump enters the White House, investors are already living in his world. Upon Trump's election win, the so-called "Trump trade" has flourished, with risk assets in general on an upward trajectory. Posturing or not, it's likely Trump's proposed policies will sway the markets in the foreseeable future.

Persons: Donald Trump, Brandon Bell, Trump, Scott Bessent, Goldman Sachs's, Jan Hatzius, Gregory Daco, Jamie Cox, —, Sarah Min, Alex Harring, Samantha Subin Organizations: GM STLA, SpaceX, Getty, CNBC, House, Trump, Mexico —, UBS, GM, Ford, Dow Jones, Nasdaq, Harris Financial Locations: Brownsville , Texas, Mexico, Canada, EY, U.S

☆ CNBC Daily Open: A new day, a new Trump policy for markets to digest
▼ + stars: | 2024-11-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Persons: STLA, Donald Trump, Sen, Ted Cruz, Brandon Bell, Trump, Scott Bessent, Goldman Sachs's, Jan Hatzius, Gregory Daco, Jamie Cox, —, Sarah Min, Alex Harring, Samantha Subin Organizations: SpaceX, Getty, CNBC, House, Trump, Mexico —, UBS, GM, Ford, Dow Jones, Nasdaq, Harris Financial Locations: Brownsville , Texas, Mexico, Canada, EY, U.S

☆ Fed’s preferred inflation gauge rises to 2.3% annually, meeting expectations
▼ + stars: | 2024-11-27 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

The personal consumption expenditures price index, a broad measure that the Fed prefers as its inflation gauge, increased 0.2% on the month and showed a 12-month inflation rate of 2.3%. Both were in line with the Dow Jones consensus forecast, though the annual rate was higher than the 2.1% level in September. The annual rate was 0.1 percentage point above the prior month. Odds of a quarter percentage point reduction in the central bank's key borrowing rate were at 66% Wednesday morning, according to the CME Group's FedWatch measure. The release follows consecutive rate cuts by the Fed in September and November totaling three quarters of a percentage point.

Persons: Dow, Stocks Organizations: Federal, Commerce Department, Dow Jones, Nasdaq, Treasury, Fed, Labor

☆ Treasury yields fall as investors await the Fed’s preferred inflation gauge
▼ + stars: | 2024-11-27 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

ET, the yield on the 10-year Treasury was down by more than three basis points to 4.2673%. The 2-year Treasury yield was also down by more than three basis points at 4.2210%. U.S. Treasury yields were lower on Wednesday as investors awaited a key inflation reading, and weighed statements from the Federal Reserve meeting minutes from November. A flurry of economic data is expected to be published on Wednesday ahead of Thanksgiving on Thursday when markets will be closed. Meanwhile, President-elect Donald Trump's pick of Scott Bessent as Treasury secretary, continues to calm investors nerves.

Persons: Dow Jones, Donald Trump's, Scott Bessent, Bessent Organizations: Treasury, U.S, Federal Reserve, Federal, Traders, CME

☆ This under-the-radar tech stock could be due for a comeback. How to play it with options
▼ + stars: | 2024-11-26 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Observably, both DI- and DI+ are reversing course, suggesting an early sign of a trend change. Support/Resistance Beyond technical indicators, traditional support and resistance levels further validate this trade setup. OLED has shown strong support at the 160 level, with the stock rebounding from this area, reinforcing the bullish case. To take a bullish trade on OLED, I'm using a trade structure called a "bull call spread." If OLED keeps going up from here and the stock price is above $170, a 170-175 call spread is also a feasible trade setup.

Persons: OLED Organizations: Dow Jones, Trump, Display Corp, DI, CNBC, NBC UNIVERSAL Locations: OLED

☆ CNBC Daily Open: Investors really like Trump’s Treasury secretary pick
▼ + stars: | 2024-11-26 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Stefani Reynolds | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. This time, it's revved up by Trump's Treasury secretary pick — Scott Bessent. "I would recommend that tariffs be layered in gradually," Bessent told CNBC earlier this month before his nomination. Small-cap stocks performed even better, probably because Bessent has expressed support for Trump's economic agenda, which would benefit smaller, domestically oriented companies.

Persons: SPX, Scott Bessent, Stefani Reynolds, it's, — Scott Bessent, Bessent, —, Russell, Quincy Krosby, Alex Harring, Hakyung Kim Organizations: Key, Bloomberg, Getty, CNBC, Group, Trump, Dow Jones, Nasdaq, Treasury, LPL Locations: Washington , DC, U.S

☆ Stock futures are little changed as Wall Street awaits Fed's preferred inflation reading: Live updates
▼ + stars: | 2024-11-26 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on November 26, 2024, in New York City. U.S. stock futures opened little changed on Tuesday night as traders await the release of the Federal Reserve's favorite inflation gauge. Futures tied to the Dow Jones Industrial Average added 20 points, or 0.04%. Economists polled by Dow Jones expect a year-over-year increase of 2.8% for the core reading, which excludes food and energy. Both the S&P 500 and the Dow Jones Industrial Average reached fresh intraday and closing highs.

Persons: Dow Jones, Stephen Stanley, CNBC's, That's, It's Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Dell Technologies, Fed, Santander U.S, Capital Markets Locations: New York City . U.S, U.S

☆ Europe markets head for lower open as global rally stutters; investors digest Trump tariff implications
▼ + stars: | 2024-11-26 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

European stocks are heading for a lower open Tuesday as investors assess the global implications of U.S. President-elect Donald Trump 's plans to hike tariffs on China, Mexico and Canada. That in turn could boost the U.S. dollar against currencies such as the euro and sterling. "Immediate market reaction looks negative," analysts at Maybank said in a note Tuesday. "However, these tariffs do differ quite a bit from what Trump had mentioned during his campaign of 60% for China and a 10% broad tariff for the rest of the world. Whilst the market maybe cautious of the risk that Trump maybe incrementally introducing the tariffs, we do note the possibility that the final imposition may not be quite the same as what was proposed by him."

Persons: Donald Trump, Trump, Maybank Organizations: Dow Jones, Federal Reserve, U.S, Trump Locations: China, Mexico, Canada

☆ A key U.S. inflation report looms over Wall Street. How to trade it
▼ + stars: | 2024-11-26 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +4 min

The October personal consumption expenditures price index report has many investors wondering how it may impact the postelection market rally. "It definitely threatens the dynamic of the market broadening because it jeopardizes the speed at which the Fed drops interest rates," Lee told CNBC. "Right now, the markets are pricing out interest rates one by one. Bill Baruch, president of Blue Line Futures, sees opportunities in the currency and bond markets if core PCE rate reaches 3%. "This PCE report and the expectation for a December cut are going to create quite a bit of volatility in fixed income," Ethridge told CNBC.

Persons: Dow Jones, William Lee, Lee, Jimmy Lee, Victoria Greene, Greene, Bill Baruch, Baruch, Malcolm Ethridge, Ethridge, Goldman Sachs, Russell Organizations: Core PCE, Milken Institute, CNBC, Traders, Wealth Consulting, Nvidia, Meta, Microsoft, Wealth, Blue, Capital Area Planning, U.S . Bancorp Locations: financials

☆ Trump's proposed tariff increases would boost inflation by nearly 1%, Goldman Sachs estimates
▼ + stars: | 2024-11-26 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The latest tariff proposal from President-elect Donald Trump would likely put upward pressure on inflation in the United States, according to Goldman Sachs. The core PCE, which strips out food and energy prices, is the preferred inflation reading of the Federal Reserve. A tariff-linked increase in core PCE could scramble the calculations around Fed rate cuts. To be sure, it remains to be seen whether the tariffs will actually be implemented at the levels Trump proposed — or what exceptions might be made. Some of Trump's advisors and supporters have characterized the tariffs he proposed during the campaign as a bargaining position rather than a set policy.

Persons: Donald Trump, Goldman Sachs, Trump, Jan Hatzius, Hatzius, Dow Jones, Jerome Powell Organizations: PCE, Federal Reserve, Trump Locations: United States, China, Canada, Mexico, U.S, PCE

☆ Insana: Why Wall Street’s rally after Trump’s Treasury pick may be unjustified
▼ + stars: | 2024-11-26 | by ( Ron Insana | ) www.cnbc.com time to read: +4 min

Wall Street's celebration of President-elect Donald Trump's Treasury pick may be a tad premature. The market's resurgence following the Bessent announcement makes for calming copy, but is it the correct assessment of what's to come? It's true that Wall Street veteran Bessent has been a successful money manager. However, Bessent suggested that he is comfortable using tariffs as negotiations to " escalate to de-escalate " the risks of global trade imbalances. But little of what's been discussed about the Treasury Secretary pick supports the rather large rallies we've seen in both stocks and bond prices.

Persons: Donald Trump's, Scott Bessent, Bessent, Trump, We'll, what's, we've, –, Ron Insana Organizations: Donald Trump's Treasury, Dow Jones Industrial, Wall, Bloomberg News, U.S, Trump, Biden, CNBC Locations: China, Mexico, Canada, U.S, Ukraine

☆ Here’s how investors should play the rest of this holiday-shortened trading week
▼ + stars: | 2024-11-26 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Meanwhile, HSBC downgraded Morgan Stanley stock to a hold from buy Monday evening. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Donald Trump's, Jim, Stanley Black, Decker, Wells, Charlie Scharf's, Wells Fargo, Morgan Stanley, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Trump, Wells, Reuters, Federal Reserve, HSBC, Morgan Locations: Canada, Mexico, China, U.S, Wells Fargo

☆ The Fed's favorite inflation gauge is out Wednesday. It could show some bad news on prices
▼ + stars: | 2024-11-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

At a time when most Federal Reserve officials see lower interest rates head, a key report on Wednesday is expected to show inflation drifting further away from target. The Commerce Department will release the October look at its personal consumption expenditures price index, the Fed's primary yardstick to measure the pace of price increases. "Recent data show progress on inflation has slowed," Brett Ryan, senior U.S. economist at Deutsche Bank, said in a note. "Recent wage data shows gains remain elevated and suggests core inflation is unlikely to cool near the Fed's 2% target," BlackRock experts said Monday in their weekly market note. "Markets have been pricing out Fed rate cuts — and moving closer to our view — as it becomes clearer that inflation pressures could prove persistent."

Persons: Dow Jones, What's, Donald Trump's, Brett Ryan Organizations: Federal, Commerce Department, Deutsche Bank, BlackRock

☆ How Trump's new tariff threats knocked one of our stocks but not the market
▼ + stars: | 2024-11-26 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Investors didn't seem too bothered by President-elect Donald Trump 's new tariff threats Monday evening. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Donald Trump, Amgen, Eli Lilly, Lilly, Jim Cramer's, Trump, Jim, Bill Newlands, Roth MKM, Roth, Amit Mehta, Mehta, Trump's, Morgan Stanley, CNBC's Matthew J, Belvedere Organizations: CNBC, ., Nasdaq, Dow Jones, Dow, Novo Nordisk, Constellation Brands, Modelo, Corona, Justice Department, Anheuser, Busch InBev, Grupo, Google, Reuters, DOJ, Chrome, Economic, of Chicago, Labor Department, Jim Cramer's Charitable Locations: Mexico, China, United States, U.S

☆ Dow jumps 400 points to new record close, Russell 2000 hits all-time high as investors cheer Trump's Treasury pick
▼ + stars: | 2024-11-25 | by ( Alex Harring | Hakyung Kim | ) www.nbcnews.com time to read: +3 min

A broad stock rally pushed the Dow Jones Industrial Average, S&P 500 and small-cap focused Russell 2000 index to new records on Monday. Investors bet President-elect Donald Trump’s choice for Treasury secretary, Scott Bessent, would help guide the economy without sparking inflation. The broad S&P 500 gained 0.3% to end at 5,987.37. Both hit new all-time highs in the session, while the Dow also notched a fresh record close. More than 3 out of every 4 S&P 500 stocks traded higher in the session.

Persons: Russell, Donald Trump’s, Scott Bessent, Trump’s, ” Bessent, Trump, Quincy Krosby, ” Krosby Organizations: Dow Jones, Dow, Nasdaq, Key Square Group, CNBC, Treasury, U.S, LPL, Nvidia, Netflix, Federal Locations: Quincy, U.S

☆ Best Buy rallies ahead earnings, Black Friday — but here's why we're still cautious
▼ + stars: | 2024-11-25 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Best Buy shares rose roughly 4.5% on Monday ahead of the company's fiscal 2025 third-quarter earnings before Tuesday's opening bell. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m.

Persons: Jim Cramer, Stocks, Donald Trump's, Scott Bessent, Bessent, Jim, Bristol Myers, Eli Lilly, RJK, Jim Cramer's Organizations: CNBC, Dow Jones, Nasdaq, Bristol Myers Squibb, FDA, JPMorgan, Club, HHS, Research, Arm Holdings

☆ Jim Cramer examines Wall Street's reaction to Trump Treasury secretary pick
▼ + stars: | 2024-11-25 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday reviewed investors' reaction to President-elect Donald Trump's latest cabinet pick, hedge fund manager Scott Bessent. His takeaway is that Wall Street believes the potential Treasury secretary will be a prudent force in the administration. "What matters is that this Treasury secretary designate is a serious person, not unlike Steven Mnuchin before him," he said "And those who believed Trump couldn't get a dollop of rigor in the cabinet — well, they've been proven wrong." Cramer also pointed out that Treasury yields fell, with the 10-year sliding to about 4.28% when investors were worried about it hitting 4.5% a few days ago. "That's where Scott Bessent, the Treasury Secretary designate, comes from, so the fence sitters and skeptics are jumping on the Trump bandwagon as if the president elect said, 'higher stock prices and lower taxes for all.'"

Persons: CNBC's Jim Cramer, Donald Trump's, Scott Bessent, Steven Mnuchin, Trump, they've, Cramer, George Soros, Bessent, Shinzo Abe, That's Organizations: Dow Jones Industrial, Treasury, Trump

☆ Treasury yields fall as investors endorse Trump's Treasury secretary pick, await inflation data
▼ + stars: | 2024-11-25 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

U.S. Treasury yields were lower on Monday as investors weighed President-elect Donald Trump's Treasury secretary pick and eyed a key inflation reading due later in the week. Trump's choice of hedge fund executive Scott Bessent as Treasury secretary has calmed investors' nerves about the future of the U.S. economy. Bessent, the founder of Key Square Group, is expected to back the incoming president's economic goals including gradual tariffs and pro-business policies. However, as an old Wall Street hand and a fiscal conservative, investors believe Bessent will prioritize stability in the U.S. economy and markets. Also in focus this week are some key data points due ahead of a shortened trading week.

Persons: Donald Trump's, Scott Bessent, Kit Juckes, Trump, Bessent, Dow Jones Organizations: Treasury, U.S, Key Square, Societe Generale, CNBC, Federal, U.S . Federal Locations: U.S, U.S .

☆ Stock futures inch higher on Monday after Dow closes at another record: Live updates
▼ + stars: | 2024-11-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during afternoon trading on Aug. 2, 2024. Stock futures edged higher in overnight trading Monday, after the Dow Jones Industrial Average closed at a new record. Futures tied to the Dow added 30 points, or 0.1%, while S&P 500 futures and Nasdaq 100 futures rose 0.1% and 0.2%, respectively. The 30-stock Dow popped more than 440 points, or about 1%, to a new record close during regular trading. The Russell 2000 hit a new intraday high — its first record since 2021 — as investors piled into small caps.

Persons: Kohl's, Stocks, Donald Trump's, Dow, Russell, Scott Bessent, NewEdge’s Cameron Dawson, CNBC's Organizations: New York Stock Exchange, Dow Jones, Dow, Nasdaq, President, Trump, Key Square, Treasury Locations: U.S

☆ Expect a Santa rally and new highs into year-end, says Stock Trader's Almanac
▼ + stars: | 2024-11-25 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

A Santa Claus rally, and a strong seasonal month for stocks, can push stocks to new all-time highs by year-end, according to the Stock Trader's Almanac. That helped the S & P 500 notch a more than 25% yearly advance, with the Nasdaq rising more than 27%. "We expect more new all-time highs before yearend," he wrote. .SPX 1D mountain S & P 500 Seasonally speaking, December is already the third-best month of any year for the major averages, according to the Almanac. Typically, the S & P 500 gains 1.3% on average during this period, in data going back to 1969.

Persons: Santa Claus, Stocks, Donald Trump, Scott Bessent, Dow, Jeffrey A, Hirsch Organizations: Dow Jones Industrial, Key Square, Nasdaq, Stock, Dow Locations: Santa

☆ CNBC Daily Open: Small- and mid-caps stole the limelight last week
▼ + stars: | 2024-11-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +5 min

NYSEThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayWinning week for marketsMajor U.S. indexes rose on Friday to end the week in the green, despite mega-cap stocks Nvidia and Alphabet shares dropping. [PRO] Interest rates back in focusThis week, the October personal consumption expenditures price index, out Wednesday, will dominate attention. The Dow Jones Industrial Average was 2% higher for the week and the S&P 500 and Nasdaq Composite both climbed around 1.7%.

Persons: GOOG, Donald Trump, Scott Bessent, Bessent, Kevin Warsh, Marc Rowan, Sir Richard Branson, Russell, Sam Stovall, Sundeep Gantori, — CNBC's Pia Singh, Alex Harring, Jesse Pound Organizations: New York Stock Exchange, NYSE, CNBC, U.S, Trump, Treasury, Fed, Anthropic Amazon, COP29, Virgin, U.S . Federal Reserve, Federal, Market, Nvidia, U.S . Department of Justice, Big Tech, Dow Jones, Nasdaq, Super Micro Company, CFRA Research, NVIDIA, UBS Locations: New York City, Anthropic, Azerbaijan

☆ CNBC Daily Open: Small- and mid-caps outperformed last week
▼ + stars: | 2024-11-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +4 min

Brendan McDermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayWinning week for marketsMajor U.S. indexes rose on Friday to end the week in the green, despite mega-cap stocks Nvidia and Alphabet dropping. The rate affects around 900 billion yuan ($124.26 billion) worth of one-year loans to some financial institutions. [PRO] Interest rates back in focusThis week, the October personal consumption expenditures price index, out Wednesday, will dominate attention.

Persons: HSI AMZN, Brendan McDermid, Donald Trump, Scott Bessent, Bessent, Kevin Warsh, Marc Rowan, Sir Richard Branson, Russell, Sam Stovall, Sundeep Gantori, — CNBC's Pia Singh, Alex Harring, Jesse Pound Organizations: New York Stock Exchange, Reuters, CNBC, U.S, China's CSI, Trump, Treasury, Fed, Bank of China, COP29, Virgin, U.S . Federal Reserve, Federal, Market, Nvidia, U.S . Department of Justice, Big Tech, Dow Jones, Nasdaq, Super Micro Company, CFRA Research, NVIDIA, UBS Locations: Asia, Pacific, China's, Azerbaijan

☆ 6 things we’re watching in the stock market in the holiday-shortened trading week ahead
▼ + stars: | 2024-11-24 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

While the magnitude of the guidance beat was perhaps not enough to satiate the most demanding of bulls, the stock was flat on the week. Our other cybersecurity stock, CrowdStrike , is one of the main events of this holiday-shortened week on Wall Street. We added to our CrowdStrike exposure last week after the stock came under pressure due to increased geopolitical tensions . ET: Pending Home Sales Thursday, Nov. 28 Stock market closed for Thanksgiving holiday Friday, Nov. 29 Stock market closes early at 1 p.m. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Donald Trump's, HomeGoods, Tuesday's, Trump, We'll, LSEG, CrowdStrike, Dow Jones, —, Jim Cramer's, Jim Cramer, Jim Organizations: Nvidia, Dow Jones, Nasdaq, Dow, Companies, Palo Alto Networks, Federal, Home, Palo, Body, Fluence Energy, Agilent Tech, Abercrombie, Fitch, DICK'S Sporting, Dell Technologies, Autodesk, HP, Urban Outfitters, Nordstrom, Jim Cramer's Charitable, CNBC, The New York Stock Exchange, NYSE Locations: Maxx, U.S, Burlington

☆ Stock futures rise Sunday ahead of shortened trading week: Live updates
▼ + stars: | 2024-11-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange on Nov. 22, 2024 in New York City. U.S. stock futures climbed Sunday night as Wall Street kicked off a shortened Thanksgiving trading week. Despite this week's shortened trading week, the interest rate outlook is back in focus with the release of October's personal consumption expenditure (PCE) price index, the Federal Reserve's preferred inflation measure. On the corporate earnings front, several retailers and tech names are slated to release quarterly results during the week. On Tuesday, retailers Macy's, Nordstrom and Best Buy are reporting results, as well as tech companies CrowdStrike and Dell Technologies.

Persons: Russell, Donald Trump, Scott Bessent, Trump, Bessent, Phillip Colmar, Nordstrom Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow, Key Square, Treasury, MRB Partners, President, Federal, Dell Technologies Locations: New York City . U.S

☆ The Trump trade showed its resilience this week
▼ + stars: | 2024-11-22 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Small-cap stocks were one of the biggest winners on Wall Street this week, serving as a prime example that the Trump trade is alive and well after a brief pause . Small caps were not the only components of the Trump trade that had strong gains this week. According to Tom Fitzpatrick, managing director at R.J. O'Brien & Associates, all signs point toward the Trump trade staying strong. Tesla, other stock components of the Trump trade Electric vehicle stock Tesla advanced nearly 10% this week. "I believe energy still has a lot to prove and the Trump trade didn't work out as well as investors thought it supposed to over his first term."

Persons: Trump, Russell, Donald Trump, Tom Fitzpatrick, Fitzpatrick, Bitcoin, Gary Gensler, Tesla, Elon Musk, Vivek Ramaswamy, Halliburton, Jay Woods, Woods Organizations: Nasdaq, Dow Jones, Investors, Trump, Tesla, Trump Media & Technology Group, Halliburton, U.S . Steel, O'Brien & Associates, CNBC, U.S, Securities and Exchange Commission, Freedom Capital Markets . Energy

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