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Nov 7th Stock Market Update - Fed cuts interest rates by 0.25%

Nov 7th Stock Market Update - Fed cuts interest rates by 0.25%

$LEN $DLTR $ABNB

Mukund Mohan
November 07, 2024

Market

“The fed cut interest rates by quarter point today, and the NASDAQ loved it. The signal from large acquirers on Trump coming back as President also means Lina Khan might no longer be FTC chairperson which might mean more M&A” 😊 😋

The NASDAQ rocketed up, as did S&P500, but Dow was muted

With many technology buyers starting to think about acquisition again, as Lina Khan might leave the role of FTC chairperson, the valuations of many mid-sized companies will get a boost.

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