Market Brief 20 November, 2024

Good evening, investors and traders! The markets are experiencing a mixed day, with the S&P 500 Index (GSPC) down by -0.54% to 5,887.75 and the Nasdaq 100 Index (NDX) down by -0.75% to 20,540.39. Bitcoin continues to surge, hitting a new all-time high above $94,000, fueled by the launch of BlackRock's Bitcoin ETF options. MicroStrategy, a major Bitcoin investor, is upsizing its convertible note offering to $2.6 billion to buy even more Bitcoin, further boosting the cryptocurrency's momentum. Meanwhile, Target Corporation (TGT) shares are down significantly after missing earnings expectations, highlighting the challenges facing retailers in the current economic environment. The UK's inflation rate rebounded to 2.3% in October, exceeding expectations and potentially influencing the Bank of England's monetary policy decisions.