U.S. Stock Market Highlights: Trump’s Tariff Threats Fail to Shake Market Sentiment, Tech Stocks Continue to Shine
As of November 27, 2024, the U.S. stock market is experiencing continued growth, with major indices posting solid gains. The Dow Jones rose by 0.28%, the S&P 500 gained 0.57%, and the Nasdaq climbed 0.63%. Despite President Trump’s renewed tariff threats—particularly targeting Mexico—the market remains optimistic, largely dismissing the risks as negotiating tactics. However, stocks like General Motors and Ford were negatively impacted due to their heavy manufacturing exposure in Mexico.
Tech Stocks Lead the Rally Tech stocks are the main drivers of market gains, with Apple (up 0.94%), NVIDIA (up 0.66%), and Microsoft (up 2.20%) continuing their strong performance. Amazon saw a notable 3.18% increase, supported by growth in e-commerce and cloud computing. Meta also rose 1.49%, benefiting from robust advertising and virtual reality business growth.
Fed Minutes Signal Rate Cut, Boosting Financials The release of the Federal Reserve’s meeting minutes suggested a possible 25 basis point rate cut in December, which lifted financial stocks. JPMorgan Chase and Bank of America saw positive movement, reflecting optimism about lower interest rates boosting bank profits.
Healthcare Sector Shines Eli Lilly surged 4.55%, benefiting from the Biden administration’s proposal to expand Medicare and Medicaid coverage for weight loss medications, while Novo Nordisk rose 1.50%.
Cryptocurrency Stocks Struggle Crypto-related stocks, including MicroStrategy (-12.33%) and Coinbase (-6.06%), were hit hard as Bitcoin prices continued to slide.
Key Takeaways for Investors Tech stocks remain a strong growth driver, while financials and healthcare sectors show promise. Investors should stay cautious on cryptocurrency stocks and keep an eye on potential tariff risks, particularly for companies with exposure to Mexico. Diversifying portfolios across various sectors remains crucial to managing risks in a volatile market.
NVDA Look at the options flow, yes more calls were traded then puts but they were NET sells of them. Clearly the bias in BEARISH nothing more, no nobody is buying it at these levels. the lower channel is a range of 129 - 122 ish as soon as it closes below 135 watch out, it's heading south hard.
NVDA it is in bear country becuase of its own very success. Everyone talking valuation and so many negatives. But i believe when market reverse, this will start to move up as ppl will go first to NVDA for a safe bet. But that is not now. Hope that happen before xmas.
NVDA More downside coming, AMZN are now making their own chipset's plus this stock is diluted, it's trading at $1300+ per share. I see mid 120's inbound, next week when the bankers return it will get pushed down hard, the sellers will step in and take control. Watch!