12 Nov Equities Ticked Lower As Post-Election Rally Lost Momentum
@nerdbull1669:
The stock market experienced a pause following a strong performance since last week's election results. We saw major U.S. equities ticked lower as the post-election rally lost momentum. The losses were relatively smaller as compared to the gains since last Tuesday’s (05 Nov) close. The S&P 500 fell 0.29% on its first down day since the election. The DJIA dropped more than 350 points, ending Tuesday's session 0.86% lower, while the NASDAQ slipped 0.09%. The Russell 2000 index fell by 1.8% today, yet it remains up by 5.8% since the election. This decline was driven by profit-taking and rising market rates. Mega Cap Support To Broader Equity Market Gains in some mega-cap stocks like Microsoft (MSFT) up 1.20% and NVIDIA (NVDA) up 2.09% helped to provide support to the broader equity market