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      Trump trade: Bitcoin hit record highs and Tesla hits $1 trillion market cap
      Views 17.4M Contents 3076

      Moovin Stonks | Declining Post-Debate Market Sees Trump Media Drop While EVs Climb

      avatar
      Kevin Travers joined discussion · Sep 11, 2024 15:15
      Moovin Stonks | Declining Post-Debate Market Sees Trump Media Drop While EVs Climb
      Happy trading, it's Wednesday, September 11th. The market squarely pulled back this morning, even after CPI came in a year-to-year low that had not been seen since before inflation ran up during the pandemic in 2021. It is a solemn anniversary in the New York City metro area, but we will never forget.
      Still, the market paid more attention to the aftermath of the first debate between former President Donald Trump and Vice President Kamala Harris in the run-up to the 2024 election.
      My name is Kevin Travers; here is a quick roundup of the U.S. stock market today.
      00:00 / 04:30
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      $Trump Media & Technology (DJT.US)$ fell about 15% after Trump's debate appearance. Investors are waiting for the end of the pre-public SPAC merger share lockup: Stock owners like Trump have billions in shares they can sell.
      $GameStop (GME.US)$ stock plummeted 16% Wednesday after Tuesday's Q2 earnings of 4C/share beat expectations of -9C but sales dropped 30%. The firm filed a registration statement Tuesday concerning its proposed sale of up to 20 million of its class A common shares.
      $Albemarle (ALB.US)$, an industrial production firm climbed 8% Wednesday, the highest on the S&P 500. The firm has a large lithium energy and compound segment. According to MarketWatch, the miner rallied after Citi analysts said the Chinese lithium mining giant CATL told reporters it would cut some of its production.
      Within industries tracked by moomoo, solar and green energy stocks climbed in part after Vice President Kamala Harris took on former President Donald Trump and talked about investing in Green Energy.
      $First Solar (FSLR.US)$ shares rose 8% while $Enphase Energy (ENPH.US)$ gained 2%, and $Sunrun (RUN.US)$ 8%. It has been a tough year for the industry. $SolarEdge Technologies (SEDG.US)$ climbed 8%.
      Moovin Stonks | Declining Post-Debate Market Sees Trump Media Drop While EVs Climb
      $Crude Oil Futures(APR5) (CLmain.US)$ also climbed after hitting lows Tuesday. $Bitcoin (BTC.CC)$ fell 3% to $55k., Gold fell slightly but stayed above $2,500 $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ and the       $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ both fell
      The market started to fall shortly after opening, falling across the board. Every S&P 500 sector was lower, and 7500 equities were declining on the market, compared to just 2500 climbing.
      Moovin Stonks | Declining Post-Debate Market Sees Trump Media Drop While EVs Climb
      Just past 11:43 am ET the     $S&P 500 Index (.SPX.US)$ traded -0.78%, the       $Dow Jones Industrial Average (.DJI.US)$ fell 1.08%, and the     $Nasdaq Composite Index (.IXIC.US)$ fell 0.25%
      Consumer prices grew 2.5% year over year, the lowest CPI year-to-year growth from the Bureau of Labor Statistics since the beginning of the pandemic. Year-over-year Core CPI, which excludes energy and food, is unchanged from last month's 3.2%. Month over month, Core CPI actually climbed from 0.2% to 0.3%.
      PPI and initial jobless claims will be released on Thursday.
      Last week, just before the blackout began in the lead-up to the FOMC September 17-18th rate decision meeting, investors also got word from New York Fed President John Williams Friday that it is time to cut rates.
      Speaking toward the Council on Foreign Relations, Williams said the economy is balanced, and inflation is tracking lower, and "it is now appropriate to dial down the degree of restrictiveness in the stance of policy by reducing the target range for the federal funds rate."
      Last Friday, the economy added 142k nonfarm payrolls last week, and the Unemployment rate landed at 4.2% in August, according to the Bureau of Labor Statistics. Payrolls were below expected by 20k, but fit the narrative of softening labor in the U.S. that investors have come to expect.
      Interested in Options? To see these stocks and more on the options page, click here.  Want to learn more about options, check out moomoo education with this link. Click here to join our exclusive options chat with personal callouts from our resident expert, Invest with Sarge.
      Yesterday, users bet the market would fall today, no matter the debate's outcome.
      Who won the debate?(Single Answer)
      Kamala
      31%
      Trump
      52%
      America Lost
      11%
      The market
      6%
      251 votes
       · 
      Vote has ended
      Traders, what do you think, is the market in 2024 about following the herd? What you watching on the stock market today? What is the herd following? Let me know in the comments below!
      Disclaimer: This content is for informational use only and is not a recommendation or endorsement of any particular investment or strategy. Indexes are unmanaged and cannot be directly invested into. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors' financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances, before making any investment decisions. Past performance does not indicate or guarantee future success. Moomoo makes no representation or warranty as to its adequacy, or timeliness for any particular purpose of the above content. The data and information provided has been obtained from sources considered to be reliable, but moomoo does not guarantee that the foregoing material is accurate or complete. See the link in the Moovers Community post for more information.
      Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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      Kevin Travers
      Moomoo News and Community Manager
      Moo moo News and Community Manager, NJ Office. Fmr CNBC contributor, reporter/investor/trader Posts do not represent mm
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