TheDrop Market Analysis, 11/25/24

Markets once again reached all-time highs, this time because of Donald Trump's nomination of Scott Bessent for Treasury Secretary. Bessent has proposed massive tax reductions which made investor optimism surge throughout the day.

All major index funds grew, with the Dow making all-time records in points. The Nasdaq even rose despite poor performances across the board for Big Tech.

Nvidia fell 4% as the company defied the odds of the U.S. government by proposing more intervention within the Chinese market, a strong contradiction from the hawk stance the next Trump administration and current western governments have with conducting business in China.

Major stocks that surged today include Target, Amazon, Meta, Apple, Tempus, Wayfair, and so much more. Market sentiments today definitely leaned toward the bullish side, setting the stage for a formidable recovery from last week's peril.