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Market Update: Post-Election Volatility
US markets dip after postelection rally; Fed's rate cut outlook shifts; Bitcoin nears $90,000; Netflix's ad-supported tier gains traction; early Trump trade winners show mixed results.
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United States
PoliticsEconomyUs PoliticsTechnologyFinanceMarkets
CnbcFederal ReserveNetflix
Donald TrumpLoretta MesterPia Singh
- How successful has Netflix's ad-supported tier been since its launch?
- Netflix's ad-supported tier has reached 70 million global monthly active users within two years of its launch. Over half of new users in regions offering the plan are choosing this option, indicating its success.
- What was the overall market trend in the US on Wednesday following the election?
- US markets experienced a slight retreat on Wednesday, with the S&P 500 and Nasdaq Composite showing declines after a week of postelection gains. The Dow Jones Industrial Average also fell, and small-cap stocks, often seen as beneficiaries of less regulation, were under significant pressure.
- What is the current status of the "Trump trade" and its impact on specific stocks?
- While some stocks initially benefited from the "Trump trade" following the election, the postelection euphoria has begun to wane for certain companies, highlighting the fluctuating nature of market responses to political events.
- What recent milestone did Bitcoin reach, and what is the market outlook for its price?
- Bitcoin briefly touched the $90,000 mark on Tuesday, adding to its recent price increases, before retracting slightly. Many investors anticipate further price increases towards $100,000 by the end of the year.
- How might President Trump's policies affect the Federal Reserve's interest rate decisions?
- Former Cleveland Fed President Loretta Mester suggested that the Federal Reserve might slow down its anticipated interest rate cuts in 2025 if President Trump's proposed tariffs are implemented, as these could create inflationary pressures.