What’s likely to move the market

by Pelican Press
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What’s likely to move the market

A trader wearing a Trump hat works on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Nov. 6, 2024.

Bloomberg | Bloomberg | Getty Images

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Here’s what CNBC TV’s producers were watching as the major averages jumped to fresh all-time highs, and what’s on the radar for the next session.

The Trump rally

  • If you missed it the Russell 2000 picked up 5.84% on Wednesday, hitting a new 52-week high.
  • The Dow Jones Industrial Average was up 3.57%, hitting a fresh all-time high.
  • The Nasdaq Composite was up 2.95% Wednesday, posting a new record.
  • The S&P 500 was up 2.53%, also hitting a new high
  • We’ll follow these market stories closely to see if the move higher can continue.
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The S&P 500 in 2024

Sector check

  • Financials were the biggest sector mover Wednesday, up 6.16%, hitting a new high.
  • Industrials were up 3.93% Wednesday, hitting a new high.
  • Energy was up 3.54% in the session. It’s now 4.28% from the April high.
  • Real Estate fell 2.64% during trading. It’s now 5.6% from the high. 
  • Consumer Staples fell 1.5%. The sector is 5.76% from the September high.
  • Utilities fell 1%. It’s now 5.72% from the mid-October high.
  • Duke Energy reports Thursday morning. The stock is flat over the past three months, and it is 6.3% from the October high.

The transports

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ArcBest shares in 2024

Mortgage rates

  • CNBC TV’s Diana Olick will be tracking the numbers.
  • The 10-year Treasury note yield rose to 4.43% Wednesday.
  • The SPDR S&P Homebuilders ETF (XHB) is up more than 2% so far this week.
  • Lennar fell 4.8% in the session. The stock is 13% from the September high.
  • D.R. Horton dropped 3.8% Wednesday. The stock is 16.6% from the 52-week high.
  • PulteGroup fell 3% during the day. The stock is 13.6% from the October high.
  • KB Home fell 2.6%. The stock is 11% from the September high.
  • Taylor Morrison dropped 1.44% Wednesday. The stock is 1.8% from the September high.

Lyft

  • The ride-sharing company reported Wednesday afternoon.
  • CEO David Risher will be on “Squawk Box” in the 8 a.m. hour, Eastern.
  • The stock is 31% higher over the past three months.
  • Lyft is still 30% from the March high.
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Lyft in the past three months

Arm Holdings

  • The new chipmaker on the block, relatively speaking, reported quarterly earnings Wednesday afternoon.
  • CEO Rene Haas will be on CNBC TV in the 10 a.m. hour.
  • Arm is up roughly 28% in the past three months
  • The stock is 23% from the July high.

Hershey

  • The chocolate company is down 11% over the past three months.
  • Hershey is 16.6% from the May high.
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Hershey shares in 2024

Carlyle Group

  • The global investment firm is up about 38% in the past three months.
  • Carlyle hit a new high Wednesday.

Datadog

  • The cloud company reports Thursday before the bell.
  • The stock is up around 22% in the past three months.
  • Datadog is 7.4% from the February high.

Cloudflare

  • The company reports Thursday after the bell.
  • Cloudflare is up 21% in three months.
  • The stock is 20% from the February high.



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