Market Brief 14 November, 2024

Good evening, investors and traders! The markets are experiencing a mixed performance today, with the S&P 500 Index (GSPC) down by -0.66% to 5,950.05 and the Nasdaq 100 Index (NDX) down by -0.73% to 20,924.39. Several key events are driving market sentiment, including the recent election results, which have sparked optimism for a pro-crypto agenda. The Federal Reserve Chair Jerome Powell's speech on the economic outlook has also been a major focus, with Powell indicating that the Fed can approach rate cuts carefully amid a strong US economy. Meanwhile, the FBI has raided the home of Polymarket's CEO, raising concerns about the platform's future. In addition, 18 US states are suing the SEC, accusing Gary Gensler of crypto overreach.