MRKT MATRIX: November 7, 2024

Today’s Top Stories:

• Stocks keep postelection rally going, Nasdaq rises to new record as Fed cuts rates (CNBC)

• Key Takeaways From Fed Decision to Cut Rate by Quarter Point (Bloomberg)

• Druckenmiller: I’m worried the Fed declared victory on inflation too early (MarketWatch)

• Bank of England Cuts Interest Rates Ahead of Fed Meeting (WSJ)

• The year-end stock rally has begun, Goldman Sachs says (CNBC)

• US Bond Yield Spike Sends Warning to ‘King of Debt’ Trump (Bloomberg)

• FedEx and UPS Locked in Price War to Lure Small Businesses (WSJ)

• Baird downgrades JPMorgan Chase to sell, sees stocks dropping nearly 20% (CNBC)

• Qualcomm advances on smartphone market revival, Chinese handset launches (Reuters)

• Intel CEO complains 'this is taking too long' after investing $30B but receiving zero CHIPS Act funding (Yahoo! Finance)

• Trump expected to shift course on antitrust, stop Google breakup (Reuters)

Today’s MRKT Call is Presented by FactSet

Navigating the Post-Election Rally

Dan Nathan, Guy Adami and Carter Worth break down the top market headlines and bring you stock market trade ideas for Thursday, November 7th.

Timecodes

• 0:00 - Post-Election Moves

• 14:00 - MSCI World Index

• 23:30 - Suspect Rally

• 30:10 - Audience Q&A

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