Squawk on the Street
Bulls Rule in November, Black Friday Is Here, FTC vs. Microsoft 11/29/24
Nov 29, 2024
November wraps up with a bullish stock market, sparking predictions for 2025. Live mall reports highlight shopping habits this Black Friday, showcasing Apple and Amazon's holiday strategies. The FTC's antitrust probe into Microsoft raises eyebrows, while President-elect Trump's tariff threats stir reactions. Chip equipment makers enjoy a rally as tech giants like Google face challenges. Small businesses contend with inflation during the crucial shopping season, showcasing the shifting economic landscape.
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Quick takeaways
- A bullish trend in the stock market signals potential continued growth into 2025, supported by decreasing bond yields and strong consumer spending.
- The FTC's antitrust investigation of Microsoft highlights ongoing regulatory challenges facing big tech, impacting perceptions of their market competitiveness.
Deep dives
The Financial Landscape and Market Trends
The current financial landscape is characterized by a robust stock market, with the S&P index on track for its best month since February, rising nearly 5%. Consumer discretionary stocks have shown impressive growth, up about 25% year-to-date, illustrating a broad-based market rally that includes small-cap stocks as well. Notably, bond yields have decreased significantly, indicating a shift in market sentiment regarding the economic outlook, particularly following the election. Analysts suggest that this environment could further boost bank profitability as the Federal Reserve navigates interest rates, with capital markets activity expected to rise.
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