TheDrop Market Analysis, 12/13/24

Markets ended the week decently after a mid-week surge and an end-of-week downturn.

Markets seemingly fell by small margins all across the board as investor enthusiasm for a Fed rate cut dwindle. The S&P 500 was unchanged, and the Dow shrank 0.2%, while the Nasdaq rose 0.1%.

Broadcom surged by an incredible 24% after reports showed the company to have surpassed $1 trillion in net worth. Tesla, meanwhile, recovers strongly by nearly 5% as the court gave Elon Musk a second chance to appeal in his case to restore Tesla's pay.

The rest of the market fell by similarly low margins. For instance, Amazon fell 0.7% and Apple fell 0.14%. Under Armour, a clothing company, fell 8%, possibly from the shock induced by its recent call for public transactions of its own stock.

Overall, markets did not perform at all the best, but in a very turbulent week in ended steady, opening the door for new opportunities next week for buying pressure to come in. Investors will continue to weigh in on the Fed's chances of a rate cut.