Welcome to Extreme Investor Network, where we provide unique insights and expert analysis on the latest trends in investing. Today, we are diving into the world of stocks with a recap of the Trump rally and what to look out for in the next trading session.
The Russell 2000 surged by 5.84%, reaching a new 52-week high, while the Dow Jones Industrial Average and the Nasdaq Composite also hit fresh all-time highs, up by 3.57% and 2.95% respectively. The S&P 500 wasn’t far behind, climbing 2.53% to reach a new high. These impressive gains have investors eager to see if the upward momentum will continue.
In our sector check, financials and industrials were the biggest movers, hitting new highs with gains of 6.16% and 3.93% respectively. Energy also saw a strong performance, rising by 3.54%, while Real Estate fell by 2.64%. Keep an eye on Duke Energy, which reports Thursday morning, as the stock is currently flat over the past three months.
Looking at individual companies, ArcBest shares have been on the rise in 2024, while mortgage rates, tracked by CNBC TV’s Diana Olick, saw the 10-year Treasury note yield rise to 4.43%. Meanwhile, homebuilders like Lennar and D.R. Horton saw declines in the session, presenting potential opportunities for value investors.
In the tech sector, Lyft reported earnings on Wednesday, with the stock up by 31% over the past three months but still 30% from its March high. Arm Holdings, the new chipmaker, also reported earnings and is up roughly 28% in the past three months.
Hershey, Carlyle Group, Datadog, and Cloudflare are some other companies to watch out for in the coming days, as they present interesting opportunities in the market.
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