Business and Finance News - 11.8.24

Author

Skool Projekt Staff
November 08, 2024

 

Good Morning, Students!

 

Question of the day: Why did the stock market respond so positively to the outcome of the election?

 

The stock market, along with the crypto market, responded positively to Donald Trump’s 2024 presidential election victory due to a mix of factors, primarily the anticipation of pro-business policies such as deregulation and corporate tax reductions, which are expected to boost corporate profitability and economic growth. Sectors poised to benefit, like financial services and traditional energy, saw significant gains, with bank stocks surging on expectations of lighter regulations. Cryptocurrencies, including Bitcoin, also reached record highs, driven by the anticipated supportive stance toward digital currencies under the new administration.

 

Additionally, the prospect of tariffs, theoretically aimed at supporting American businesses, added to investor optimism. Most importantly, the market’s positive reaction was rooted in a collective belief among investors that this election outcome signals a favorable climate for the economy and business growth. This sense of confidence, coupled with the clarity provided by the resolution of election uncertainty, sparked rallies across stock indices, creating a notably favorable environment for investors.

 

-Mr. Projekts

 

*Have a question? Submit it to [email protected].

 

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TOP STORIES

 

*Bank of England (BOE) - The Bank of England is the central bank of the United Kingdom and plays a crucial role in the country's financial system.

 

*Interest Rates - The federal interest rate, often referred to as the Federal Funds Rate is the interest rate at which depository institutions (such as banks and credit unions) lend reserve balances to other depository institutions overnight. It is a key monetary policy tool used by the Federal Reserve to influence short-term interest rates across the broader economy.

 

*Nissan (7201.T-JP)- Nissan Motor Co., Ltd. is a Japanese multinational automobile manufacturer that designs, produces, and sells vehicles under the Nissan and Infiniti brands, offering a range of cars, trucks, and SUVs globally.

 

*Super Micro Computer (SMCI) - Super Micro Computer, Inc., commonly known as Supermicro, is a global leader in high-performance, high-efficiency server technology and innovation.

 

*Warner Bros. Discovery (WBD) - Warner Bros. Discovery is a global media and entertainment company that creates, produces, and distributes a wide range of content across multiple platforms.

 

THE MARKETS

Here’s how the major indexes did yesterday:

Here’s how leading market ETFs did yesterday:

Here’s how The Magnificent Seven did yesterday:

Here’s how the major cryptocurrencies did yesterday:

 

Disclaimer: This content is not intended as financial guidance. The purpose of this newsletter is purely educational, and it should not be interpreted as an encouragement to engage in buying, selling, or making any financial decisions regarding assets. Exercise caution and conduct your own research before making any investment choices. 

 

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