Tech pushes stocks higher with vote in full swing
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On November 6, 2024, stocks rose with the S&P 500 up 1.2% and the 'Magnificent Seven' tech stocks climbing 1.8%; Palantir Technologies reported strong demand for AI, and Nvidia became the world's largest company, surpassing Apple; markets were calm ahead of the US presidential election, with polls indicating a dead heat; Goldman Sachs noted an 18% chance of a bear market in the next year; volatility is expected post-election, with a 1.8% potential move in the S&P 500 on November 7; the Federal Reserve's interest-rate decision is awaited on November 8.
#Stocks #Election #Technology #MarketVolatility #Nvidia #Palantir #S&p500 #GoldmanSachs #FederalReserve #UsEconomy
https://theedgemalaysia.com/node/732885
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