Categories: Market Overview

New Growth Impulse for Stocks

Indices

A trio of key US indices hit all-time highs on the rally following the announcement of the presidential election results. The Nasdaq100 hit new highs for the first time in 84 trading sessions, while the S&P500 and Dow Jones have not done so in less than three weeks.

Historically, volatility tapers off after the election, with the November-January period providing the biggest gains for indices. Whether that will be the case this time around is a big question, as markets have already moved far ahead in valuations, and there are few details on how the White House policy in Washington will change.

Stocks

The transition of power from the Democratic to Republican parties in the US has triggered a shake-up of portfolios, suggesting new leaders. In addition to expectations of acceleration in Tesla shares, investors also paid attention to Amazon, which went from a confident pro-Democratic stance to a neutral one shortly before the election.

Separately, it is worth mentioning the oil industry, with which the Republican Party is closely associated. ExxonMobil shares have added 6%, and Chevron shares have added 7% since the beginning of the month—about three times more than the price of oil has risen over the same time.

The FxPro Analyst Team

The FxPro Analyst Team

Our team consists of financial market experts. Our dedicated professionals prepare reviews on the foreign exchange market situation, Crude Oil, Gold and Stock Indices. All the analysts are regularly published in the world leading economic media.

Share
Published by
The FxPro Analyst Team

Recent Posts

Bitcoin’s target is $100K, but could be $70K first

Bitcoin has reached all-time highs, hitting over $76K, with a projected rise to $100K in…

2 hours ago

Dollar roars up after election uncertainty

The dollar index rallied on the US presidential election results, picking its way up after…

2 hours ago

Gold retreat to test major trend support

Gold lost over 3% on Wednesday and now evaluating an important support line at the…

3 hours ago

Gold Wave Analysis 6 November 2024

- Gold broke support area - Likely to fall to support level 2600.00 Gold recently…

22 hours ago

USDJPY Wave Analysis 6 November 2024

- USDJPY broke resistance area - Likely to rise to resistance level 156.00 USDJPY currency…

22 hours ago

Euro Falls on Trade War Fears

The single currency has been one of the losers from Trump's victory, losing 2% on…

1 day ago

This website uses cookies