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Traders work on the floor of the New York Stock Exchange during the opening bell on Nov. 13, 2024. Stock futures were slightly higher on Sunday night as Wall Street awaits a major earnings week and monitors a seemingly fizzled out postelection rally. S&P futures added 0.1%, while Nasdaq 100 futures gained 0.2%. The next major catalyst for the market this week will be Nvidia earnings, which are set to be released on Wednesday. Earnings from Palo Alto Networks and several major retailers, including Walmart , Target and Ross , are also on deck this week.
Persons: Donald Trump's, Jerome Powell, selloff, FactSet's John Butters Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Federal, Traders, Blackwell, Palo Alto Networks, Walmart, Target Locations: 18.680.12, Palo
Stocks tumbled on Friday as the post-election rally fizzled and investors fretted over the path of interest rates. The S&P 500 slipped 1.32% and closed at 5,870.62, while the Nasdaq Composite fell 2.24% to 18,680.12. Declines in pharmaceutical stocks weighed on the 30-stock Dow and broader S&P 500, with Amgen down about 4.2% and Moderna off by 7.3%. The information technology sector of the S&P 500 was the worst performing corner of the market, down more than 2% as Nvidia, MetaPlatforms, Alphabet and Microsoft tumbled. The S&P 500 posted a weekly loss of 2.1%, while the Nasdaq Composite slid about 3.2%.
Persons: Stocks, Donald Trump, Robert F, Kennedy Jr, Tesla, , Kristy Akullian, , Jerome Powell, Susan Collins, Dow Jones Organizations: Dow Jones Industrial, Nasdaq, Dow, Moderna, Department of Health, Human Services, P Biotech, Nvidia, Microsoft, Trump Trade, ” Traders, Federal, Boston, Street Locations: Americas, BlackRock
President-elect Donald Trump's White House victory could boost merger and acquisition activity, and Bank of America thinks a group of small-cap stocks may benefit as target candidates. Financial services company Bread Financial Holdings turned up, having a float of 98% of shares outstanding and three-year sales growth of 28%. The biopharmaceutical company has a float of 99% and three-year sales growth of 105%. Commercial Metals Company also showd up on BofA's screen as a potential target. Commercial Metal's three-year sales growth was 18%.
Persons: Donald Trump's, Russell, that's, Lina Khan, Jill Carey, Irving, steelmaker Organizations: Bank of America, Dow Jones Industrial, Republican, House, Senate, Trump, FTC, GOP, Financial, Bread Financial Holdings, Halozyme Therapeutics, Commercial Metals Company Locations: Columbus , Ohio, Diego, Texas
What exactly President-elect Donald Trump's second term means for the stock market will be the question investors continue to grapple with in the week ahead. Nvidia earnings results will also be on deck as investors deal with stubbornly high interest rates as well. The Dow Jones Industrial Average surged past 44,000 for the first time ever, and the S & P 500 and the Nasdaq Composite similarly posted new records. Sales of Blackwell and Grace Blackwell are expected to start to show up in results next year. The SPDR S & P Regional Banking ETF has surged 11% this month.
Persons: Donald Trump's, Jimmy Chang, Jensen Huang, CNBC's, Blackwell, Grace Blackwell, Harsh Kumar, Piper Sandler, Kumar, Jensen, Donald Trump, Robert F, Kennedy Jr, Novavax, Ken Mahoney, Trump, There's, Mahoney, Rockefeller's Chang, Chris Rupkey, Jerome Powell Organizations: Dow Jones, Nasdaq, Rockefeller Global Family, Treasury, Nvidia, Blackwell, Health, Human Services Department, Moderna, Asset Management, Regional Banking ETF, Federal, White, FWDBONDS, Housing, Walmart, Lowe's, Palo Alto Networks, Philadelphia Fed, . Kansas City Fed Manufacturing, Ross Stores, Intuit, Deere, PMI, PMI Manufacturing, PMI Services Locations: China, U.S, NAHB, . Kansas, Michigan
Select cheap names could be poised to jump in a postelection market, according to Jefferies. Indeed, after the 2016 and 2020 election, names with the cheapest valuations eventually performed well, while momentum plays lagged, Jefferies equity strategist Steven DeSanctis noted. "The cheapest names have lagged in November, since June 30th, and really since the start of the year. Here are a few of the names Jefferies turned up. Jefferies' $26 price target on the stock suggests nearly 7% potential upside for Carnival shares from its latest close.
Persons: Jefferies, Donald Trump's, Steven DeSanctis, DeSanctis, William Oplinger, Josh Weinstein Organizations: Nasdaq, Dow Jones, Jefferies, Alcoa, CNBC, . United Airlines, United Airlines
Shelby Tauber | 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. What you need to know todayThe bottom lineAfter enjoying the postelection rally, investors are turning their attention to issues like inflation and interest rates again. Powell added that the Fed doesn't need to be "in a hurry to lower rates" because the of "the strength we are currently seeing in the economy." For investors who were riding high on the postelection rally and are now descending to earth, their landing sure feels like a bumpy one.
Persons: Jerome Powell, Shelby Tauber, Powell, Rick Rieder, Rieder, , Jeff Cox, Brian Evans, Sarah Min Organizations: US Federal Reserve, Fair, Bloomberg, Getty, CNBC, Consumer, Dow Jones, Nasdaq Locations: Dallas , Texas, U.S
The Trust portfolio is what we use for the CNBC Investing Club. Back in April 2018, Trump ruled then-Twitter — now X and under the ownership of Trump efficiency czar Elon Musk . It was labeled "Trump stock" and a professional announcer, the deep-voice guy we used to use all of the time at the network, recorded it. I pushed the button whenever I was sure that a stock could somehow do well under the first Trump administration. There was no "Trump Stock," "Trump Stock" button pressing for Amazon that day.
Persons: Donald Trump, Trump, He's, Elon Musk, Lisa, Jeff Marks, Jeff, , Mark Zuckerberg, Zuckerberg, Jim Cramer's, Jim Cramer, Jim, Republican Donald Trump, Andrew Kelly Organizations: Dow Jones, Trump, CNBC, Twitter, Amazon, Facebook, Meta, New York Stock Exchange, Republican, U.S Locations: Bahamas, Butler , Pennsylvania, U.S, New York City
Small-cap stocks could see a monster rally ahead if they break above a key level. The Russell 2000 hit a high of 2,441.72 on Monday, just a hair below the November 2021 closing high of 2,442.74 before pulling back Tuesday and Wednesday. Small caps have been on a tear since the presidential election last week, after Donald Trump secured a second term. The Russell 2000 is up about 4.5% since the election, outperforming its large-cap counterparts. .RUT 5Y bar Russell 2000 less than 1% from record The technical strategist noted that move may not happen immediately.
Persons: Russell, Wolfe, Rob Ginsberg, Donald Trump, Yun Li Organizations: Wolfe Research, Dow Jones, Nasdaq
Wholesale prices nudged higher in October, though largely in line with expectations and mostly consistent with the Federal Reserve cutting interest rates again in December, the Bureau of Labor Statistics reported Thursday. On a 12-month basis, headline wholesale inflation was at 2.4%. Excluding food and energy, core PPI rose 0.3%, also one-tenth more than September and also matching expectations. Services rose 0.3% on the month, accounting for most of the PPI increase, and was driven largely by a 3.6% surge in portfolio management prices. Goods prices nudged higher by 0.1% after falling the previous two months.
Persons: Dow Organizations: Federal Reserve, of Labor Statistics, PPI, Traders, Labor Department
S&P 500 futures are near flat Thursday night as investors wondered what's next for the market after the postelection rally wavered. Futures tied to the Dow Jones Industrial Average lost 25 points, or 0.1%. S&P 500 futures also slipped 0.1%, while Nasdaq 100 futures shed 0.2%. The Dow fell more than 200 points in the session, while the S&P 500 and Nasdaq Composite each slipped about 0.6%. The Nasdaq Composite has dropped 0.9% this week, while the S&P 500 and Dow have shed 0.8% and 0.5%, respectively.
Persons: what's, Pizza, Berkshire Hathaway, Dow, Stocks, Jerome Powell, Donald Trump's, Sam Stovall Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Materials, Berkshire, Federal, Dow, CFRA Locations: New York City, Dallas
The 10-year Treasury yield sat near flat at 4.449%, near its highest point since July. The 10-year Treasury yield hovered near a 4-month high on Thursday after Federal Reserve chair Jerome Powell indicated that the central bank is in no hurry to slash interest rates. The moves followed Fed Chair Jerome Powell's speech in Dallas Thursday, where he told business leaders the cenral bank doesn't need to quickly cut interest rates. "The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said in prepared remarks. The speeches come as investors and economists scrutinize what President-elect Donald Trump's return to the White House could mean for U.S. interest rates.
Persons: Jerome Powell, Jerome Powell's, Powell, Adriana Kugler, Donald Trump's, Dow Jones, , Sarah Min Organizations: Treasury, Federal, Fed Locations: Dallas
Traders work on the floor at the New York Stock Exchange (NYSE), after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. U.S. stocks slid on Thursday, as fresh comments from Federal Reserve Chair Jerome Powell signaled that economic strength could warrant some patience with future rate cuts. The Dow Jones Industrial Average slipped 189 points, or 0.4%, after falling more than 250 points at the lows of the session. "The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully," Powell said. Those moves come after the October producer price index released Thursday rose 0.2%, matching forecasts from economists polled by Dow Jones.
Persons: Republican Donald Trump, Jerome Powell, Stocks, Powell, Tesla, Dow Jones, Donald Trump's, Jay Woods Organizations: New York Stock Exchange, Republican, U.S, Federal, Dow Jones, Nasdaq, Trump, Russell, PPI, Dow, Freedom Capital Locations: New York City, U.S, Dallas
Wall Street has been pumping money into the Trump trade, but investors should be wary before committing capital based on campaign promises, if history is any indication. From Election Day 2016 through year-end, the asset class outperformed the S & P 500 by 8% on a relative basis. In fact, from Election Day 2016 through Election Day 2020, smallcaps tumbled more than 22%. Expand the timeline to one year out from Election Day, and the ETF underperformed the broader index by 11%. Energy Energy stocks are expected to get a huge boost from Trump, who made energy a focus of his presidential campaign , and promised to "drill, baby, drill."
Persons: Trump, Donald Trump's, elect's, Russell, Biden, Wells, Austin Pickle, , smallcaps, that's, Fred Imbert Organizations: Bank, Regional Banking, Wells, Investment Institute, Trump, Wells Fargo Investment Institute, Dow Jones, . Energy Energy, Energy Locations: Wells Fargo, that's year's
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. 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. 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.
Persons: Jim Cramer, Stocks, Franklin, Coterra, Tom Jorden, Jim Cramer's, Jim Organizations: CNBC, ., Dow Jones, Nasdaq, Franklin Mountain Energy, Natural Resources, Devices, Bloomberg News, AMD, Silo, Systems, Club, Nvidia, Philadelphia Stock Exchange Semiconductor, SOX, Cisco Systems, Disney, Jim Cramer's Charitable Locations: New Mexico, West Texas
The core CPI accelerated 0.3% for the month and was at 3.3% annually, also meeting forecasts. The consumer price index , which measures costs across a spectrum of goods and services, increased 0.2% for the month. That took the 12-month inflation rate to 2.6%, up 0.2 percentage point from September. Inflation perked up in October though pretty much in line with Wall Street expectations, the Bureau of Labor Statistics reported Wednesday. Energy costs, which had been declining in recent months, were flat in October while the food index increased 0.2%.
Persons: Dow Jones, Trump, Ellen Zentner Organizations: Dow, of Labor Statistics, Stock, Federal Reserve, Energy, BLS, White, CPI, Morgan Stanley Wealth Management
The S & P 500 last week scored its best week since November 2023, hitting the 6,000 mark, while the 30-stock Dow Jones Industrial Average climbed above 44,000. Stocks seen as early beneficiaries, among them steelmakers and banks, are losing momentum, while others like Tesla are continuing to climb. Its shares are nearly flat week so far this week. Take a look at the lot: Tesla 's the most popular winner in the group, gaining roughly 21% since Nov. 6, boosted by CEO Elon Musk's close relationship with Trump. Other than Tesla, energy stocks Coterra Energy and Baker Hughes are also moving higher, the latter gaining more than 15% just this month.
Persons: Trump, Donald Trump, Stocks, Tesla, Morgan Stanley, Betsy Graseck, Elon Musk's, Edison Yu, JD Vance, Baker Hughes, Goldman, Citigroup — Organizations: weill, Dow Jones, CNBC Pro, Trump, Caterpillar, Steelmakers Steel Dynamics, JPMorgan, Citizens Financial, Prudential, Republican, Bank of America . Semiconductor, Micron Technology, Arista Networks, Deutsche Bank, Coterra Energy, Bank of America, Citigroup Locations: Wells Fargo
Bank of America's global fund manager survey showed the percentage of portfolio managers who are overweight U.S. stocks soared to 29% — its highest level since August 2013 — from 10% before the U.S. presidential election. Small caps, which stand to benefit greatly from less regulation, reduced taxes and faster economic growth, have outperformed large caps since the election. .SPX DJIA,.IXIC,IWM YTD mountain SPX, Nasdaq, Dow and IWM year to date BofA's chief investment startegist Michael Hartnett noted this trend is likely to continue. "Post-election results show net 35% [of fund managers surveyed] expect small caps to outperform large caps, which would have been the most since Feb'21," he said. This would make it next to impossible for the Federal Reserve to justify lowering interest rates, which could hurt equities — especially small caps.
Persons: , Stocks, Donald Trump, Russell, SPX DJIA, startegist Michael Hartnett Organizations: Bank of, U.S, Dow Jones Industrial, Nasdaq, Dow, Federal Reserve, Atlantic, Nvidia Locations: Nasdaq
CNN —Donald Trump is returning to the White House, and the stock market is loving it. ‘The regime change’For now, stock market investors don’t seem bothered by the jump in bond yields or these inflationary or debt concerns. “The stock market jumped for joy that the election results were definitive, thus averting a contested election. Of course, market veterans say they wouldn’t be surprised to see the stock market eventually display concern about tariffs and inflation under Trump. That could pose a number of problems for the economy and the stock market.
Persons: Donald Trump, Trump, shockwaves, , David Kotok, Stephanie Roth, Roth, ” Roth, Sau Loeb, Kamala Harris, Harris, Jeff Buchbinder, , Kotok, it’s, ” Kotok, They’re, Freddie Mac, , Ed Yardeni, Yardeni, It’s, , BTIG’s Isaac Boltansky Organizations: CNN, White, Dow Jones, stoke, Trump, Advisors, Wolfe Research, Treasury, US Treasury Department, Getty, Wall Street, LPL, Fed, Stock Locations: Big, Washington , DC, Washington
Such a scenario would entail higher inflation, higher rates, and falling stock prices, Roubini predicted. "That's going to crowd economic growth, and bond yields above 5% would imply a correction of stock prices and negative impacts on the economy." AdvertisementOther experts have warned some of Trump's policies could lead to higher inflation and interest rates, with his tariff plan attracting significant criticism from economists. Some of Trump's policies — like his plans to loosen regulation — could prop up business activity and fuel growth, Roubini noted. "I think markets are still in a wait-and-see to figure out whether the policies are going to be hurting the economy," Roubini said.
Persons: Nouriel Roubini, Roubini, , Donald Trump's, Doom, prognostications, Trump, Trump's, Taylor Rogers, hin, Stocks Organizations: Service, Bloomberg, stoke, Republican National Committee, Trump, Fed, Bank of America, Dow Jones Industrial Locations: China
Source: 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 todayThe bottom lineThe stock market is riding high on Trump's election victory. The postelection stock rally, however, is likely to stay strong for now. It's hard to go wrong following the age-old rules for investing in the stock market: Be in it for the long term, diversify and look at fundamentals like earnings and valuation.
Persons: HSI, it's, Morgan Stanley, Lisa Shalett, John Stoltzfus, Shalett, CNBC's Brian Evans, Alex Harring Organizations: New York Stock Exchange, CNBC, Dow Jones, Apple, Microsoft, Nasdaq, Dow, Republicans, Morgan, Morgan Stanley Wealth Management's, Oppenheimer Asset Management
This 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. Separately, the estate of crypto exchange FTX sued Binance and its former CEO, Changpeng Zhao, over a "fraudulent" share deal. Some think the rally is getting ahead of itself, writes CNBC Pro's Fred Imbert. A Wall Street analyst pointed out that, according to history, one ostensibly bullish sign actually portends retreats in the near term.
Persons: FTX, Binance, Changpeng Zhao, Donald Trump, Jeremy Siegel, Siegel, Fred Imbert Organizations: CNBC, Dow Jones, NatWest, Metrics, Trust, Wharton School, University of Pennsylvania, Trump, U.S
Traders work on the New York Stock Exchange floor on November 12, 2024 in New York City. U.S. stock futures traded near the flatline Tuesday night as Wall Street awaited the latest consumer price index data for insights on the pace of inflation. S&P 500 futures and Nasdaq 100 futures also inched down around 0.1% each. Other notable economic data releases later this week include the producer price index data and retail sales numbers, which will be announced on Thursday and Friday, respectively. "This is a busy week with consumer prices, producer prices, and retail sales.
Persons: Dow, Tom Hainlin, Dow Jones, Scott Helfstein Organizations: New York Stock, Dow Jones, Nasdaq, U.S, Bank Wealth Management, Investors, Federal, Global, Fed Locations: New York City . U.S
CNBC's Jim Cramer examined Tuesday's market action, saying the rally fueled by the victory of President-elect Donald Trump took a breather as Wall Street weighs what broad tax cuts could mean for the bond market. Cramer called the day's moves a "sobering reaction to the potential unfunded tax cuts from the bond market," as both the 10-year and 2-year Treasury yields surged more than 4%. The bond market and the stock market usually have a negative correlation, with investors coming in and out of each depending on yields. Trump campaigned on the promise of tax cuts across a wide swath of sectors. Many on Wall Street expect these cuts will come in aggregate, but remain unsure of the specifics, Cramer noted.
Persons: CNBC's Jim Cramer, Donald Trump, Cramer, Trump, Elon Musk Organizations: Dow Jones, Nasdaq Locations: U.S
Asia-Pacific markets are set to open mixed on Tuesday, with investors expected to exercise caution even as the Dow Jones Industrial Average's post-election rally continued to gain momentum to close at a record high. Futures for Australia's S&P/ASX 200 stood at 8,279, slightly higher than the index's last close of 8,259. Japan's Nikkei 225 futures pointed to a stronger open for the market, with the futures contract in Chicago at 39,660 and its counterpart in Osaka at 39,630 compared to the previous close of 39,533.32Hong Kong's Hang Seng index futures were at 20,324, lower than the HSI's last close of 20,426.93.
Organizations: Dow Jones Industrial, Australia's, Nikkei Locations: Asia, Pacific, Chicago, Osaka
Leah Millis | ReutersNow that Donald Trump has been elected president, many individual investors are wondering what that means for their money. Yet, when it comes to long-term performance of the markets and policies that Trump proposed on the campaign trail, financial advisors say it's best to take a wait-and-see approach before making any big money decisions. Lee Baker, a CFP and owner of Claris Financial Advisors in Atlanta, said he's also told clients not to make wholesale financial changes now. Many investors expect Trump to lead with faster economic growth and more market-friendly policies, said Francis during a Friday webcast on what Trump's presidency could mean for investors' money. While those policies would put more money in Americans' pockets, Francis noted, other experts say it's too soon to count on those changes.
Persons: Donald Trump, Leah Millis, Trump, Jude Boudreaux, Boudreaux, Lee Baker, he's, Baker, I've, Stacy Francis, Francis Financial, Francis, it's, Marguerita Cheng, Cheng, Trump's, David Haas, CNBC.com Organizations: Trump, U.S . Capitol, Reuters, Dow Jones, CNBC FA, Claris Financial, Francis, Blue, Global Wealth, Social Security, Cereus Financial, Security Locations: U.S, Washington , U.S, New Orleans, Atlanta, New York City, Gaithersburg , Maryland, Franklin Lakes , New Jersey
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