TheDrop Market Analysis, 12/20/24
- Alexangel Ventura
- Dec 20, 2024
- 1 min read
Markets rose as fresh new inflation data revealed strong signs in the economy.
New inflation data from the month of November revealed a cooling trend in the growth of prices, downplaying many of the worries that investors previously had. Thus, today witnessed a major buy-back, restoring the markets to pre-Wednesday levels.
The S&P 500 and the Nasdaq both rose just more than 1%, while the Dow rose by a strong 1.2%. Additionally, gold, crude, and the Russell index all rose in unison, reflecting the generally good market sentiment on Friday, ending this chaotic week.
Most stocks, unsurprisingly, rose today. The largest gainer included Nvidia, Apple, MSTR, Palantir, and Quantum Computing, to name a few.
Meanwhile, the Trump stocks plummeted. DJT fell after news that the former president will be selling his $4 billion stake in the company and reallocating those funds to a fund made by his son Don. Additionally, Elon Musk's Tesla fell by over 3%.
