Wall Street closes on a positive note a month of November marked by the victory of former Republican President Donald Trump in the United States elections and the subsequent preparation of investors to benefit from the economic policies of his future administration.
After the holiday Thanksgiving From this past Thursday, when the markets did not open, and the short session yesterday, Friday, the Dow Jones Industrial Average rose 6.34% in the month, up to 44,910 points; The S&P 500 advances 3.42%, to 6,032 points, and the Nasdaq advances 2.7%, to 19,218 points.
According to analysts, the main factor of movement has been Trump’s victory in the November 5 elections, which has led to days of post-election surge due to the markets’ favorable perception of his promises to lower taxes and dismantle regulations.
For now, Wall Street ignores Trump’s protectionist plans – tariffs on imports that would fuel the deficit and affect supply chains, with the consequent increase in prices – and trusts in the seriousness of his chosen for the Treasury Department, the magnate Scott Bessent .
Investors have been buying stocks favorable to that ‘Trump effect‘ and selling others that do not have a good outlook: the best example of the former is contained in the Russell 2000 index, which brings together small companies and which this month rose a cumulative 8.79% after breaking several records.
- The electric vehicle manufacturer Tesla, owned by Elon Musk, who will become part of the future Trump Government, earns 33% monthly.
The sectors that have increased the most are consumer (9.89%), financial (9.82%) and industrial (5.60%), while health fell 1.29%, according to the Fidelity firm.
The stock market moderation of the ‘Magnificent Seven’ of technologywhich have had large quarterly results but also large expenses, and over which the shadow of a bubble usually hangs over. Nvidia, the leader in Artificial Intelligence, loses 2.1% monthly.
They also remain in the spotlight Federal Reserve (Fed) and inflation and employment data; According to the FedWatch tool, the market believes it is more likely that the central bank will dictate a 25 basis point rate cut at the end of its December meeting, the last of the year.
Other sectors
The latest GDP and index data personal consumption expenses (PCE), a measure of inflation tracked by the Fed, have not provided any major surprises, and experts are concerned that progress is stalling and that this will force rate cuts to slow down.
In other markets, the texas oil It lost around 7% in November and stood at around $68.5 per barrel as the perception of geopolitical risk in the Middle East reduced with the recent ceasefire in Lebanon.
bitcoinwhich has also risen sharply since Trump’s victory, is approaching a milestone of $100,000 due to the perception of greater laxity from the next Republican Administration, in contrast to the regulator’s current heavy-handed policy in the banking sector. cryptocurrencies. EFE
