MRKT MATRIX: November 4, 2024

Today’s Top Stories:

• Dow closes down more than 200 points ahead of presidential election (CNBC)

• Investors From Stocks to Crypto Brace for US Election Swings (Bloomberg)

• How Traders Are Preparing for a Long, Volatile Election Night (Bloomberg)

• Bank of America’s Trump-Harris playbook: How the stock market will react to the various election scenarios (CNBC)

• What Nvidia’s Dow inclusion means for the chipmaker, according to history (CNBC)

• U.S. Regulators Block AWS Nuclear Power Deal (The Information)

• Microsoft Plans to Spend $10 Billion on CoreWeave Servers Through 20230 (The Information)

• China’s Next Stimulus Package Is Unlikely to Put Market Fully at Ease (Bloomberg)

• Missing the mark - The Private Credit Market faces a public problem (Axios)

Today’s MRKT Call is Presented by CME Group

Stock Jitters Into The Election

Dan Nathan and Carter Worth break down the top market headlines and bring you stock market trade ideas for Monday, November 4th.

Timecodes

• 0:00 - Intro

• 3:45 - SPX vs NDX

• 19:15 - Yields, DXY, Gold & Bitcoin

• 25:45 - Homebuilders, Banks & Berkshire

• 34:45 - Nvidia, Palantir + Q&A

Click here to access all of the charts mentioned in today’s MRKT Call.

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Today’s On The Tape is Presented by CME Group, iConnections and SoFi

Elections & Earnings: How Will Markets React?

Dan Nathan, Danny Moses, and Liz Young Thomas cover October's job report, the U.S. Federal Reserve's upcoming meeting, single stock earnings, and the election. The team delves into the market's reaction to a weaker job report and the implications for upcoming Fed rate cuts. They analyze company earnings performance and consumer spending trends amidst macroeconomic uncertainty. Key earnings from Amazon, Microsoft, and Palantir are highlighted. The potential impacts of the upcoming election are discussed along with the market reaction to polling and prediction markets. Lastly, they touch on recent regulatory developments affecting energy companies and their deals with big tech for running data centers.

Listen here

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