Market Brief 12 November, 2024

Good evening, investors and traders! The markets are experiencing a mixed bag of emotions today, with the S&P 500 Index (GSPC) down by -0.07% at 5,997.65 and the Nasdaq 100 Index (NDX) down by -0.08% at 21,101.32. The news is dominated by the recent US election results, with President-elect Trump's pro-crypto stance fueling optimism in the cryptocurrency market. Bitcoin has surged to a new all-time high, surpassing $89,000, while Ethereum has also seen significant gains. Meanwhile, the US dollar is strengthening, pushing gold prices lower. Investors are closely watching the economic data releases and Fed speeches for clues about the future direction of interest rates.