TheDrop Market Analysis, 8/13/24

Amid anticipations for tomorrow's inflation report (CPI), the stock market finishes strong by today's market close.

All index funds are up by at least 1%, with Nasdaq leading the market with a 2.43% rise. The S&P 500 finished well with a 1.68% increase, and the Dow showed respectable growth by over 1%.

By far today's greatest mover was Starbucks, which surged by over 18%. Nvidia once again finished strong with a 6.5% increase, as investors continue to have enthusiasm for its upcoming earnings report. Apple, Google, and Microsoft all grew by over 1%, and Tesla grew by over 5% following Elon Musk's very successful interview with Donald Trump, garnering a grand total of 1 billion views on all platforms, 13% of the global population.

JetBlue was distinct as it was one of the only large stocks to dip today. Many investors still fear the company's management of debts since yesterday, highlighting its continued poor performance. Also, oil is down as OPEC announced cuts in projected demand for the rest of 2024 and 2025.