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Trump trade: Bitcoin hit record highs and Tesla hits $1 trillion market cap
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Tuesday Market Climbs, with Presidency in Sight | Wall Street Today

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Kevin Travers joined discussion · Nov 5 15:25
Tuesday Market Climbs, with Presidency in Sight | Wall Street Today
The market was speeding higher Tuesday, with all eyes on the election results. The Dow jumped more than 400 points Tuesday with the Nasdaq closing up more than 250.
At 4:03 p.m. ET, $Dow Jones Industrial Average (.DJI.US)$ was up 427 points (1.02%.). The $S&P 500 Index (.SPX.US)$ was up 1.23% and the $Nasdaq Composite Index (.IXIC.US)$ closed up 1.43%.
The electricity in the air is palpable here on the bank of the Hudson River as millions of Americans head to the polls to cast their vote. The market awaits with bated breath for tonight, when polls close, and the country begins to see which way voters have decided to go for their next four years.
MACRO
The S&P PMI and ISM PMI came out Tuesday. Composite and Services PMI from S&P came in low, ISM non-manufacturing PMI came in higher, demonstrating that prices paid by services climbed less than expected, and non-manufacturing prices came in higher than expected.
The week's highlight of macro will be the Thursday FOMC rate decision. According to the FOMC's dot plot projections, investors are waiting for two more rate cuts this year. Friday, investors will see Michigan inflation expectations from a consumer survey.
Tuesday Market Climbs, with Presidency in Sight | Wall Street Today
SECTORS
Within industries tracked by moomoo, WallStreetBets-related stocks are flying with Palantir and Trump leading the way.
Tuesday Market Climbs, with Presidency in Sight | Wall Street Today
$Crude Oil Futures(JAN5) (CLmain.US)$ climbed again to 0.91%. $Bitcoin (BTC.CC)$ climbed 2% to the same price it was at a week ago. Gold and silver climbed $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ and the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ climbed.
MOOVERS
$Palantir (PLTR.US)$ stock climbed 21%, the highest on the S&P 500, after the firm released earnings Monday night that showed revenue grew 30% in the past year to $726M.
$Celanese Corp (CE.US)$ stock fell 24% after the industrial materials firm reported earnings came in at $116 million, or $1.06 per share, below estimates of $2.69/share. Last year, the firm reported revenue of $951 million, or $8.69 per share.
$Trump Media & Technology (DJT.US)$ climbed 13% on the eve of its Chief and main shareholder's bid to retake the Whitehouse.
$Ferrari (RACE.US)$ posted higher sales and earnings in the third quarter and said it was confident it would hit annual guidance, racing ahead of other car makers that are grappling with falling sales amid a slow shift to electric vehicles and challenges in China.
$Vimeo (VMEO.US)$ reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $0.01 by 400 percent. The stock shot up 41% Tuesday morning.
$Marqeta (MQ.US)$ stock was trading more than 39% lower in morning trading Tuesday after the financial services company slashed its revenue forecast for the fourth quarter. Analysts tracking the stock followed with downgrades.
Who will win the Presidential Election, and how will it affect the market?
Tuesday Market Climbs, with Presidency in Sight | Wall Street Today
We want YOU to tune in live on November 5th, U.S. election day, for a special moomoo news and community event. Come watch Nov 5th at 6:30 PM ET as the vote counts roll in with our local news team and a party of guests! Subscribe: click here to join the live discussion NOW!
Word from the herd: Mooers, what are you watching?
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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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