MRKT MATRIX: November 6, 2024

Today’s Top Stories:

• Dow soars 1,500 points to record high in best day since 2022 after Trump election win (CNBC)

• Trump Defeats Harris, Marking Historic Comeback (WSJ)

• US Bonds Slide Most Since Pandemic as Trump Renews Inflation Bet (Bloomberg)

• Fed Readies a Rate Cut and Faces These Four Questions (WSJ)

• Tesla could reach $1 trillion in market cap under a Trump win, says analyst Dan Ives (CNBC)

• Nvidia Rides AI Wave to Pass Apple as World’s Largest Company (Bloomberg)

• Super Micro Slides on Weak Sales Outlook as Delisting Risk Looms (Bloomberg)

Today’s MRKT Call is Presented by SoFi

Stocks Surge Off Trump Election Victory

Dan Nathan, Guy Adami and Liz Young Thomas break down the top market headlines and bring you stock market trade ideas for Wednesday, November 6th.

Timecodes

• 0:00 - SPX Impact

• 7:30 - Yields & Small Caps

• 14:00 - Banks

• 20:00 - The Trump Trade

• 24:30 - Semi Space

• 30:00 - Earnings Insight

• 35:10 - Audience Q&A

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Today’s Okay, Computer. is Presented by RBC and Current

The Morning After Trump's Win: Election Impact For Tech & Markets

Dan Nathan and Guy Adami discuss the market's response following Donald Trump's victory in the 2024 presidential election. They explore upward volatility in major indices like the S&P 500 and NASDAQ, the rise in 10-year U.S. Treasury yields, and record highs in Bitcoin. The discussion also covers anticipated moves by the Federal Reserve, shifts in small-cap stocks, regional banks, and potential regulatory changes under the new administration. They delve into how market dynamics might affect various sectors including tech, with a focus on Tesla, mega-cap tech, and the geopolitical implications for semiconductor companies like Taiwan Semi and NVIDIA. Both hosts consider the impact of possible policy adjustments on the stock market and foreign policy issues involving China and Taiwan. Additionally, they touch on prospective M&A activities, the IPO market, particularly in crypto, and the strategic moves by major investment banks.

Timecodes

• 0:00 - Market React

• 4:30 - Mag7 Implications

• 11:30 - Chip Space

• 18:45 - Private Market

• 26:40 - Internet Names & China

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