Good MorningEquity markets surged on Wednesday after Donald Trump clinched a second term in the White House in an overwhelming victory. Opponent Kamala Harris conceded the race, quashing the idea the results would be contested, alleviating market fears and reducing the potential for volatility.
The S&P 500 surged more than 2.5% at the height of the session, breaking out to a new high and closing at the session's highs, indicating a high likelihood of higher highs to come. Trump's policies are expected to ease headwinds for businesses and consumers, reinvigorate economic activity, and boost S&P 500 earnings power, the primary driver of stock prices.
The S&P 500 could rise to 6,100 within days to a few weeks. The 6,100 level is a critical target for the stock market and a potential pivot point to a sustained rally in 2025. With the FOMC on track to reduce interest rates and a business and consumer-friendly president in the White House, the S&P may break above that target and trend higher through the end of 2025 Featured: "Fed Proof" Your Bank Account with THESE 4 Simple Steps (Weiss Ratings) 
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Markets | | | Investing in emerging technologies requires an eye for innovation and market opportunity. Sono-Tek (NASDAQ: SOTK) is a leader in ultrasonic coating systems, and the company presents a compelling case for investors seeking exposure to a growing technology with diverse applications. Sono-Tek is debt... Read the Full Story |
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Stocks | | | Shares were mostly higher in Europe and Asia on Thursday after U.S. stocks stormed to records as investors wagered on what Donald Trump's return to the White House will mean for the economy and the world. Markets also were turning their attention to the Federal Reserve's decision on interest rates, ... Read the Full Story |
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Markets | | | The growth of broadband has made education accessible to anyone with an internet connection. Whether taking courses for personal growth, skills certification, reskilling, or upskilling, online educational platforms have become mainstream. They've been enhanced with artificial intelligence (AI) fea... Read the Full Story |
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Markets | | | Casino and gaming stocks have been in recovery mode since the reopening after being hard hit by the COVID-19 pandemic. It's hard to believe, but the world's largest gaming destination, Macau, was only completely reopened in February of 2023 as China finally relaxed its zero-COVID restrictions afte... Read the Full Story |
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Markets | | | Federal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time, responding to a steady slowdown of the inflation pressures that exasperated many Americans and contributed to Donald Trump's presidential election victory Read the Full Story |
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Markets | | | Wall Street's main indexes and several of the street’s individual favorites like Palantir and NVIDIA soared to record highs following Donald Trump’s victory in the 2024 U.S. presidential election, a dramatic return to power after his defeat in 2020. Investors responded with optimism to... Read the Full Story |
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Markets | | | Monster Beverage (NASDAQ: MNST) is the leading player in energy drinks, trading at a discount to its growth opportunity. The company and market face headwinds in 2024, with consumers impacted by higher interest rates, but long-term trends suggest the energy drink market will thrive over the next d... Read the Full Story |
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Markets | | | China's exports rose 12.7% in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday.The report came a day after former President Donald Trump won Tuesday's election, gaining a second term as president. Trump has pledged to increas... Read the Full Story |
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Markets | | | Sweden's central bank on Thursday cut its key interest rate by half a percentage point to 2.75% in what was described as the largest reduction over a decade.Riksbanken said the cut, the fourth this year, was "to provide further support to the economy and help inflation stabilize at the target."It ad... Read the Full Story |
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Markets | | | The Bank of England cut its main interest rate by a quarter of a percentage point to 4.75% on Thursday after inflation across the U.K. fell significantly, relieving some pressure on borrowers who have faced elevated mortgage and loan costs.The bank said eight of the nine members of its rate-setting ... Read the Full Story |
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Thursday's Early Bird Stock Of The Day SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC. | | View Today's Stock Pick |
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