TheDrop Market Analysis, 12/04/24

Markets soared after Jerome Powell sends good news to investors.

Powell, the chair of the Fed, announced in Wednesday that the economy is in "remarkably good shape," causing massive buying pressure. Overall, markets trended well throughout the day. The Nasdaq rose 1.3%, the S&P 0.6%, and the Dow 0.7%.

Big Tech clearly paved the way for a green return. Nvidia rose 3.5% and Amazon rose 2.2%, to name a few.