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download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A pillar of President-elect Donald Trump's campaign was the economy and the work he would do to "fix it." Tesla shareholders: The EV giant took off with news of Trump's win, finishing the day up almost 15%. Bond yields are already soaring, indicating the market expects the cost of borrowing to keep rising. Investors in Europe: European growth stands to take a hit from Trump's proposed tariffs, according to Goldman Sachs.
Persons: , Donald Trump's, Elon Musk's, Trump, that's, Goldman Sachs, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Ella Hopkins, Grace Lett, Amanda Yen, Milan Sehmbi Organizations: Business, Service, White, Nasdaq, Dow Jones Industrial, GOP, Tesla, Trump, bitcoin, Treasury, Investors Locations: Europe, New York, London, Chicago
While the Federal Reserve is still concerned about inflation, "we're seeing these signs of weakness in the labor market," Scanlon said. "This suggests that the labor market remains firm despite signs of weakening," J.P. Morgan noted. 'What the bond market is telling us'The stock market rallied after the presidential election results. That's what the bond market is telling us." Depending on what policies are enacted under Trump's second term, the inflation problem might get worse, experts say.
Persons: Brett House, Scanlon, There's, Mark Hamrick, J.P, Morgan, Hamrick, Trump Organizations: Columbia Business School, Bureau of Labor Statistics, Federal Reserve, of Labor Statistics, BLS, Dow Jones, Nasdaq, Treasury, Trump Locations: U.S, China
Major stock indexes soared Wednesday morning in the wake of Donald Trump's decisive victory in Tuesday's presidential election. The last time the Dow, which represents larger, more established firms, saw a 1,000-point jump in a single day was November 2022. NBC News is projecting that Trump will finish with 276 Electoral College votes in his defeat of Vice President Kamala Harris, his Democratic opponent. Trump has promised to extend or enact sweeping tax cuts and deregulatory policies that are widely supported across the business community. That represents market pushback on one of Trump's key policy planks: A weaker dollar that would support U.S. exports.
Persons: Donald Trump's, Kamala Harris, Trump, David Bahnsen, Wells, Russell, Isaac Boltansky, Boltansky Organizations: Nasdaq, Dow Jones Industrial, Dow, NBC, Trump, Electoral, Democratic, Senate, Bahnsen, JPMorgan, Bank of America, U.S Locations: Wells Fargo, BTIG, U.S
Stocks may be in rally mode after former President Donald Trump's election victory, but not every sector is poised to get a lift. Clean energy One potential big loser is solar and clean energy stocks that benefited from tax credits instituted under President Joe Biden 's Inflation Reduction Act. Retailers Along with changes to clean energy, Trump has hinted at tariffs to buoy U.S. producers. The firm also highlighted companies with greater than 20% China exposure, including Crocs and American Eagle Outfitters , as being among potential tariff losers. STZ 1D mountain Constellation Brands falls amid Trump tariff concerns "With a 50% American whiskey tariff, we would expect BFB to pass some cost along to the consumer, which would put additional pressure on volumes," he wrote.
Persons: Donald Trump's, Kamala Harris, Joe Biden, Trump, Goldman Sachs, Brian Lee, Lee, Melanie Nuñez, Cowen's Robert Moskow, Brown, Forman, Bank of America's Joanna Gajuk, Gajuk, bode, Andrew Mok Organizations: NBC News, Dow Jones, Nasdaq, Technologies, Enphase Energy, Bank of America, American Eagle Outfitters, Constellation Brands, Diageo, EU, Consumer, . Hospital, Republican, Bank of America's, Ardent Health Partners, Universal Health Services, HCA Holdings, Barclays Locations: financials, U.S, China, Scotch, Mexico
US election news on a screen on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Nov. 6, 2024. Stock futures are near flat Wednesday night after a huge market rally following Donald Trump's decisive victory in the presidential election. Futures tied to the Dow Jones Industrial Average added 25 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures both traded marginally above flat. The Dow, S&P 500 and Nasdaq Composite all notched new all-time highs in the session, while the small cap-focused Russell 2000 jumped more than 5%.
Persons: Donald Trump's, Dow, Russell, Scott Helfstein, Jerome Powell's Organizations: New York Stock Exchange, Stock, Traders, Dow Jones, Nasdaq, U.S ., Global, CME Group's, Moderna, Warner Bros Locations: New York
Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. Super Micro shares plunged 18% on Wednesday to their lowest level since June of last year after the embattled server maker issued disappointing unaudited financials and failed to provide specifics plans to keep its Nasdaq listing. Super Micro hasn't filed audited financials since May and is at risk of being delisted by Nasdaq if it doesn't report results for the latest fiscal year to the SEC by mid-November. CEO Charles Liang said Super Micro was actively in the process of hiring a new auditor. For the quarter ending Sept. 30, Super Micro said it generated net sales of between $5.9 billion and $6 billion.
Persons: Charles Liang, financials, Ernst & Young, Ernst, Liang Organizations: Super, Computer Inc, Super Micro, Nasdaq, Micro, Ernst, SEC, Mizuho Locations: Taipei, Taiwan
CNBC's Jim Cramer reviewed Wednesday's market action, saying the session was shaped by traders who were relieved that the election was over and were getting ready for President-elect Donald Trump's administration. "The fact that we already know the winner is a huge win for the stock market in itself, which makes it a magnet for new money. The electric vehicle maker's CEO Elon Musk has been one the most vocal Trump supporters among his billionaire peers, and Cramer suggested the president-elect is known to reward his allies. "The ironic bottom line is it'll be tough to exceed the Biden regime when it comes to the stock market. Biden was no friend to stocks, but the market went up anyway," Cramer said.
Persons: CNBC's Jim Cramer, Donald Trump's, we'd, Cramer, Elon Musk, Trump, Musk, Biden Organizations: Dow Jones, Nasdaq, Big Tech, Tech, Trump, Biden, Nielsen Locations: Tesla
Markets: The post-election rally on Wall Street continued into afternoon trading, with the Dow Jones Industrial Average jumping 3.4%, or roughly 1,450 points, and the S & P 500 advancing 2.4%. It's worth noting, the stock market was reacting like Jim Cramer said it would in his Sunday column . The one thing markets hate is uncertainty, and Wednesday's rally can be attributed, in part, to relief that Wall Street professionals and individual investors alike know where they stand and what to expect from the country's next president. Bond yields move inversely to prices, and a basis point is equal to 0.01%. "You have to be very careful to respect the bond market if you do any buying today," Jim said.
Persons: Jim Cramer, Donald Trump, Kamala Harris, Morgan Stanley, Jim, It's, Yun Li, Trump, Harris, Jerome Powell's, we'll, Jim Cramer's Organizations: CNBC, ., Wall, Dow Jones, Trump, Republican, NBC, Senate, NBC News, Wells, BlackRock, Energy, Coterra Energy, Honeywell, Federal, White, Arm Holdings, Qualcomm, Bros, Moderna, Barrick Gold, Halliburton, Hershey, Air Products, Chemicals, Warner Bros ., Jim Cramer's Charitable
Markets, in particular, crave certainty, and the clear path forward will allow companies to adjust their business and hiring plans. But stocks may also be reacting to Trump’s victory, in particular. Trump flipped several swing states from President Joe Biden’s 2020 victory, and Republicans also took control of the Senate. So Trump’s victory, at least for now, appears to be keeping those rates somewhat higher. Other so-called Trump trades, including shares of his social media stock, Trump Media & Technology Group, surged Wednesday morning.
Persons: Donald Trump, Trump, Joe Biden’s, refocusing, Sam Stovall, Bitcoin, Crypto, Trump’s, Germany’s DAX, Australia’s, , Neil Newman, Hong, ” Daniel Murray Organizations: New, New York CNN —, Dow, Nasdaq, Republicans, Fed, JPMorgan, Democratic, CFRA Research, Gross, Treasury, Trump, Trump Media & Technology Group, CAC, Nikkei, Advisory, EFG Asset Management Locations: New York, Europe, Asia, China, Tokyo, Shanghai
Cheap stocks still remain for investors to buy, despite the equity market persisting near its all-time highs. Strong economic growth and the commencement of an interest rate reduction cycle have propelled stocks to new heights this year, with the benchmark S & P 500 index up 21% in 2024, as of Tuesday's close. CNBC Pro recently screened data from LSEG to find the stocks in the S & P 500 that are currently priced at a discount and could see outperformance going forward. Industrial company 3M has already risen 38% this year but could climb another 15%, according to its average price target. Other names on the list of cheap but promising stocks included technology titan Alphabet , conglomerate Berkshire Hathaway and airline carrier United Airlines .
Persons: Wells Fargo, TD Cowen, Ryan Langston Organizations: Dow Jones Industrial, Nasdaq, CNBC Pro, Citigroup, Universal Health Services, SDP, Universal Health Services . Industrial, 3M, LSEG, Berkshire Hathaway, United Airlines Locations: Monday's
Bernie Marcus, the co-founder of Home Depot who became a billionaire philanthropist and GOP donor, has died at the age of 95. "The entire Home Depot family is deeply saddened by the death of our co-founder Bernie Marcus," the company said. Born to Russian-Jewish immigrants in 1929, Marcus grew up in Newark, New Jersey, according to a biography shared by Home Depot. According to Forbes, Marcus had a net worth of about $11 billion at the time of his death. A longtime booster of Atlanta civic projects, Marcus donated $250 million to help build the Georgia Aquarium, among the largest in the world.
Persons: Bernie Marcus, Bernie, He’s, Marcus ’, Marcus, Arthur Blank, Ken Langone, Forbes, Jeb Bush, Scott Walker, Donald Trump, Hillary Clinton, Trump Organizations: Home Depot, CNN, Rutgers University, Atlanta Falcons, NASDAQ, Georgia Aquarium, Florida Gov, Wisconsin Gov Locations: Russian, Newark , New Jersey, Atlanta, Florida, United States
People vote at the San Francisco City Hall voting center on the final day of early voting ahead of Election Day, on November 4, 2024 in San Francisco, California. 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. U.S. markets mostly gain after electionsHistorically, stocks have mostly risen after a presidential election, though there can be some short-term volatility. The three major U.S. benchmarks on average have almost always clocked gains between Election Day and year-end, going back to 1980, according to CNBC data.
Persons: Stocks, Tesla Organizations: San Francisco City Hall, CNBC, Dow Jones, Nasdaq, China's CSI, Apple, Starbucks, Nike, Adidas, U.S, Conference Board Locations: San Francisco , California, U.S, Asia, Pacific, China, Poor China
Opening Bell: November 5, 2024
  + stars: | 2024-11-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpening Bell: November 5, 2024Watch the opening bell for the New York Stock Exchange and the Nasdaq from November 5, 2024
Organizations: New York Stock Exchange, Nasdaq
With Election Day upon us, many investors are wondering how to, or if they even should, position their stock portfolios ahead of knowing who the next president will be. Indecision will hurt the stock market, not destroy it, but bruise it because the only thing markets really hate is uncertainty." Jim also wrote Sunday that the stock market will more than likely be just fine no matter who wins the presidency. Bottom line A quick and decisive presidential election outcome — one way or the other — is what's best for the stock market. Combination with Former President and Republican Presidential Candidate Donald Trump (L), and Vice President and Democratic Presidential Candidate Kamala Harris.
Persons: Donald Trump, Kamala Harris, That's, Joe Biden, Jim Cramer, Jim, we've, Barack Obama, Biden, George W, Bush, Richard Nixon, Jim Cramer's Organizations: NBC News, Democratic, Republican, Trump, JPMorgan, Dow, Nasdaq, Federal Reserve, Jim Cramer's Charitable, CNBC
They have also considered the impact of potential tariffs proposed by former President Donald Trump. Some on Wall Street view a Harris win as a potential obstacle for antitrust and megacap technology stocks. "Regulatory scrutiny will probably help a lot of M & A activity under Trump — Harris, it'll be a little more of the status quo," said Jay Woods, chief global strategist at Freedom Capital Markets. This could "slow the pace of the AI revolution," he said in a recent post to X that also called a Harris win "more bullish" for the industry. Some investors also view Tesla as a likely winner under a Trump administration, given CEO Elon Musk's close ties to the former president.
Persons: Kamala Harris, Donald Trump, Roger McNamee, Harris, Trump, Trump — Harris, it'll, Jay Woods, McNamee, Vivek Arya, Joe Rogan, Arya, Ed Mills, Raymond James, of America's Brad Sills, Raymond James ' Mills, Dan Ives, Trump's, Tesla, Elon Musk's, Capital's, Wolfe, Chris Senyek Organizations: Elevation Partners, Tech, Antitrust, Google, Justice Department, Trump, Freedom Capital, Bank of America, PHLX Semiconductor, Democrat, Republican, SOX, Devices, Qualcomm, Nvidia, Broadcom, Texas Instruments, Intel, of America's, Microsoft, Oracle, Wedbush Securities, Investors Locations: stoke, Taiwan, China, Washington
David Kirton | ReutersBEIJING — Deeproute.ai, a Chinese startup developing autonomous driving systems, announced a $100 million funding round Tuesday from an undisclosed automaker, while emphasizing close ties with chipmaker Nvidia . The startup is also in "deep cooperation" with Nvidia, Zhou said, noting "in-depth discussions" with the chipmaker's CEO Jensen Huang. Zhou spoke on "Commercializing mass-produced autonomous driving solutions" at Nvidia's closely watched GTC AI conference in March. Those maps, used by autonomous driving companies such as Alphabet's Waymo, give a car a detailed picture of city streets. Chinese autonomous driving software developer WeRide went public on the Nasdaq last month, while robotaxi operator Pony.ai has filed for a U.S. IPO.
Persons: David Kirton, It's, Maxwell Zhou, Zhou, Jensen Huang, Deeproute, Orin, Japan Deeproute, Tesla, Elon, WeRide, Pony.ai Organizations: Reuters, Nvidia, Wall, CNBC, Huawei, Nasdaq, Industry Locations: Shenzhen, Guangdong province, China, Reuters BEIJING, Deeproute, U.S, Japan, California
Goldman Sachs has modeled out some election outcomes, along with how the S & P 500 will react, ahead of the results. Trump wins and Republicans sweep A 25% likelihood, with the S & P 500 set to rise 3%. Trump wins, but the government is divided A 30% likelihood, with the S & P 500 set to gain 1.5%. This scenario will still be positive for markets, with the S & P 500 set to gain 1.5% afterward, the note read. However, investors could step in and buy the dip on the S & P 500, the firm said.
Persons: Goldman Sachs, Donald Trump, Kamala Harris, Trump, Harris Organizations: U.S, Republicans, Trump, Republican, Nasdaq, Democratic Locations: Wednesday's, cyclicals
S&P 500 futures ticked up 0.1% and Nasdaq 100 futures were flat. Goldman Sachs predicts that a Trump win and Republican sweep of Congress would spark a 3% pop in the S&P 500. Even a Trump win and a divided Congress would cause about a 1.5% gain, the bank predicts. On the other hand, a Harris win with a divided Congress would cause a 1.5% drop in the S&P 500, the bank told its clients. The stock market staged a broad rally Tuesday before the election results were in with the S&P 500 gaining 1.2%, bringing the benchmark's 2024 gains to more than 21%.
Persons: Donald Trump, Kamala Harris, Goldman Sachs, Harris, Trump, Jason Trennert, Dow Organizations: New York Stock Exchange, Stock, Futures, Dow Jones, Nasdaq, America, Investors, Republican, Democratic, Trump, Traders Locations: Kentucky, Indiana
What happens to stocks during election week? In general, the market has a slightly bullish bent during election week, but you can slice it different ways. The average percentage change for the S & P 500 in the week of the election is up 0.7%, with the index gaining 63% of the time, according to Birinyi Associates. That is why the S & P 500 is only 2% below its historic high. S & P 500 earnings estimates Q3: +8.4% Oct. 1: +6.0% Q4: +10.7% Technology: +14.6% Source: LSE Seasonals are important as well The seasonal trend is very strong.
Persons: Phil Mackintosh, Goldman Sachs, Goldman Organizations: Birinyi Associates, Nasdaq, Democrat, Republican, LSE
CNBC Daily Open: All eyes on U.S. elections
  + stars: | 2024-11-05 | by ( Lim Hui Jie | ) www.cnbc.com   time to read: +2 min
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. History forecasts a market rally after electionsHistorically, stocks have mostly risen after a presidential election, though there can be some short-term volatility. The three major U.S. benchmarks on average have almost always clocked gains between Election Day and year-end, going back to 1980, according to CNBC data. Markets slip ahead of Election DayStocks fell Monday as investors awaited the U.S. presidential election and Fed rate verdict later this week.
Persons: Wall, aren't, Stocks, Jeff Bezos Organizations: CNBC, JPMorgan, Fitch, Federal Reserve, Dow Jones, Nasdaq, Intelligence, Investors, Amazon, U.S, Conference Board Locations: U.S, Francisco
New York CNN —US stocks rallied Tuesday as Wall Street awaited the results of a closely contested presidential race. “While it’s still anyone’s call on where the chips will fall on the election, putting it behind in either direction is a relief.”Historically, stocks have often risen on Election Day. This marks the sixth-straight Election Day gain for the S&P 500 and Nasdaq. “With Election Day finally here, expect more market volatility, particularly if the wait for a result is long or contested. Just two days after Election Day, the Federal Reserve will announce its latest interest rate decision, the first since cutting rates by half a point.
Persons: Dow, , Louis Navellier, Kamala Harris, Donald Trump, Joe Biden, George W, Bush, Al Gore, Adam Turnquist, Gore, ” Turnquist Organizations: New, New York CNN, Nasdaq, Navellier, Associates, LPL, Federal Reserve Locations: New York
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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, Tuesday's, DuPont, Bernstein, Jim, Eaton, Tom Jorden, Jorden, Coterra, Donald Trump, Stocks, Jim Cramer's Organizations: CNBC, Nasdaq, DuPont, Club, Coterra Energy, Brands Locations: Eaton
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWall Street to 'expect the unexpected' in U.S. election, says Nasdaq presidentTal Cohen, president of the Nasdaq, discusses how the market operator and its clients are preparing for uncertainty and volatility during this U.S. election.
Persons: Tal Cohen Organizations: Nasdaq Locations: U.S
Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. Super Micro shares plummeted last week after Ernst & Young, the company's auditor, resigned. CEO Charles Liang said Super Micro was actively in the process of hiring a new auditor. Super Micro shares soared 246% last year after jumping 87% in 2023. WATCH: Super Micro shares down on earnings
Persons: Charles Liang, unaudited, Ernst & Young, Ernst, Liang, LSEG Organizations: Super, Computer Inc, Nasdaq, Super Micro, Micro, SEC, Ernst, Company Locations: Taipei, Taiwan
Despite increased market volatility stemming from the U.S. presidential election on Tuesday, consumer confidence toward equities has reached its most bullish point ever. The latest Consumer Confidence survey by The Conference Board showed 51.4% of participants — the highest level on record — expect stocks to rise over the next year. This is despite rising uncertainty in the markets from the looming election, evidenced by the stock market’s inability to score further gains on Monday. The record-high consumer confidence in the stock market is “something that makes us say: hmm,” chief market technician Jonathan Krinsky wrote in a note on Sunday. Krinsky noted that bonds remain “slippery,” with the 10-year Treasury yield potentially climbing back to 4.5%.
Persons: Jonathan Krinsky, Krinsky, , ” Krinsky Organizations: U.S, Conference, Dow Jones, Nasdaq, Treasury, Nvidia, Federal Reserve
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