{"id":124875,"date":"2024-11-12T06:30:17","date_gmt":"2024-11-11T23:30:17","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=124875"},"modified":"2024-11-12T06:30:17","modified_gmt":"2024-11-11T23:30:17","slug":"stocks-close-at-record-highs-as-post-election-rally-continues-tesla-bitcoin-keep-soaring","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=124875","title":{"rendered":"Stocks Close at Record Highs as Post-Election Rally Continues; Tesla, Bitcoin Keep Soaring"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"finance-liveblog-content_1-0\">\n<div id=\"mntl-liveblog-item_1-0\" class=\"comp mntl-liveblog-item mntl-block\"><span class=\"heading-toc\" id=\"toc-2024-11-11t223858213z\"\/><\/p>\n<h2 id=\"mntl-blogpost__headline_1-0\" class=\"comp mntl-blogpost__headline mntl-text-block\"\/>\n<p><strong>Biggest S&amp;P 500 Movers on Monday<\/strong><\/p>\n<p>51 minutes ago<\/p>\n<p><button id=\"mntl-blogpost__copylink_1-0\" class=\"comp mntl-blogpost__copylink mntl-copy-link-button mntl-button\" data-link=\"https:\/\/www.investopedia.com\/dow-jones-today-11112024-8742992#toc-2024-11-11t223858213z\" aria-label=\"Copy Link\"><br \/>\n<\/button><\/p>\n<p id=\"mntl-sc-block_11-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> <strong><u>Advancers<\/u><\/strong>\n<\/p>\n<ul id=\"mntl-sc-block_12-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\">\n<li>Shares of pharmaceutical company <strong>Bristol-Myers Squibb<\/strong> (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=bmy\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">BMY<\/a>) jumped 10.5%, logging the top daily performance in the S&amp;P 500, after competitor <strong>AbbVie<\/strong> (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=abbv\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">ABBV<\/a>) reported that its experimental schizophrenic treatment failed to reach the desired goals in a Phase 2 trial. Bristol-Myers Squibb entered the schizophrenia treatment market through last year&#8217;s acquisition of biopharma firm Karuna Therapeutics, whose drug KarXT received approval from the Food and Drug Administration in September. AbbVie shares plunged 12.6% on Monday.<\/li>\n<li><strong>Albemarle<\/strong> (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=alb\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\">ALB<\/a>) shares jumped 9.6%, continuing their march higher since the world&#8217;s largest lithium miner released third-quarter results last week. Although Albemarle reported a net loss of $1.1 billion, the company announced a 50% reduction in capital expenditures in 2025, as well as other cost-cutting measures that include laying off around 6% of its global workforce. Analysts suggested these moves could help Albemarle navigate low lithium prices, which the company expects to persist for some time.<\/li>\n<li><strong>Tesla <\/strong>(<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=tsla\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"4\">TSLA<\/a>) shares surged 9%, extending a string of gains posted in the wake of last week&#8217;s election. There are expectations that Elon Musk, Tesla CEO and vocal supporter of President-elect Donald Trump, will play an advisory role in the next administration, where he could advocate on issues like tariffs and tax credits. Analysts at Wedbush lifted their price target on Tesla shares by $100, saying Trump&#8217;s election could be transformative for the company&#8217;s automation and artificial intelligence (AI) ambitions.<\/li>\n<\/ul>\n<figure id=\"mntl-sc-block_13-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_1-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-text\">Tesla CEO Elon Musk with Donald Trump and JD Vance ahead of a campaign event in Butler, Pennsylvania on Oct. 5, 2024.<\/span><br \/>\n<span class=\"figure-article-caption-owner\"><\/p>\n<p>Justin Merriman \/ Bloomberg \/ Getty Images<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_14-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> <strong><u>Decliners<\/u><\/strong>\n<\/p>\n<ul id=\"mntl-sc-block_15-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\">\n<li>The weakest performance in the S&amp;P 500 came from shares of <strong>Monolithic Power Systems <\/strong>(<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=mpwr\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">MPWR<\/a>), which plummeted 15%.\u00a0The move followed a report by market analysis firm Edgewater Research indicating that semiconductor behemoth Nvidia (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=nvda\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">NVDA<\/a>) could reduce or cancel its use of Monolithic Power&#8217;s voltage regulation module in its next-generation AI chips.\u00a0<\/li>\n<li>Vaccine maker <strong>Moderna<\/strong> (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=mrna\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\">MRNA<\/a>) reported a surprise third-quarter profit when it released its results last week, but the stock has been moving lower since then, dropping an additional 8.7% on Monday. Despite the strong performance in the recent quarter, analysts expressed uncertainty about future vaccine demand as well as Moderna&#8217;s ability to maintain market share.<\/li>\n<\/ul>\n<p id=\"mntl-sc-block_16-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/contributors\/58207\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\"><em>Michael Bromberg<\/em><\/a>\n<\/p>\n<\/div>\n<div id=\"mntl-liveblog-item_2-0\" class=\"comp mntl-liveblog-item mntl-block\"><span class=\"heading-toc\" id=\"toc-2024-11-11t214904372z\"\/><\/p>\n<h2 id=\"mntl-blogpost__headline_2-0\" class=\"comp mntl-blogpost__headline mntl-text-block\"\/>\n<p><strong>Dow Closes Above 44K, S&amp;P 500 Above 6K for First Time<\/strong><\/p>\n<p>1 hr 41 min ago<\/p>\n<p><button id=\"mntl-blogpost__copylink_2-0\" class=\"comp mntl-blogpost__copylink mntl-copy-link-button mntl-button\" data-link=\"https:\/\/www.investopedia.com\/dow-jones-today-11112024-8742992#toc-2024-11-11t214904372z\" aria-label=\"Copy Link\"><br \/>\n<\/button><\/p>\n<p id=\"mntl-sc-block_17-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The Dow Jones Industrial Average rose 304 points on Monday to finish above 44,000 for the first time.\n<\/p>\n<figure id=\"mntl-sc-block_18-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_2-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-owner\"><\/p>\n<p>TradingView<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_19-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The S&amp;P 500 tacked on 6 points to finish above 6,000 for the first time in its history.\n<\/p>\n<figure id=\"mntl-sc-block_20-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_3-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-owner\"><\/p>\n<p>TradingView<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_21-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The S&amp;P 500 has now gained 26% since the start of the year, outpacing the Dow&#8217;s 18% increase over the period.\n<\/p>\n<figure id=\"mntl-sc-block_22-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_4-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-owner\"><\/p>\n<p>TradingView<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<\/div>\n<div id=\"mntl-liveblog-item_3-0\" class=\"comp mntl-liveblog-item mntl-block\"><span class=\"heading-toc\" id=\"toc-2024-11-11t202814530z\"\/><\/p>\n<h2 id=\"mntl-blogpost__headline_3-0\" class=\"comp mntl-blogpost__headline mntl-text-block\"\/>\n<p><strong>What Analysts Think of Home Depot Ahead of Earnings <\/strong><\/p>\n<p>3 hr 2 min ago<\/p>\n<p><button id=\"mntl-blogpost__copylink_3-0\" class=\"comp mntl-blogpost__copylink mntl-copy-link-button mntl-button\" data-link=\"https:\/\/www.investopedia.com\/dow-jones-today-11112024-8742992#toc-2024-11-11t202814530z\" aria-label=\"Copy Link\"><br \/>\n<\/button><\/p>\n<p id=\"mntl-sc-block_23-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Home Depot (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=HD\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">HD<\/a>) is set to report earnings before the bell Tuesday after its\u00a0<a href=\"https:\/\/www.investopedia.com\/home-depot-earnings-q1-fy-2024-results-8648018\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">recent quarters have disappointed<\/a>,\u00a0as many Americans put off big purchases and home improvement projects to focus spending on essentials.\n<\/p>\n<p id=\"mntl-sc-block_24-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Most analysts covering the stock tracked by Visible Alpha hold &#8220;buy&#8221; ratings, though their average price target isn&#8217;t much higher than current levels. Of the 18 analysts tracked, there are 14 with\u00a0<a href=\"https:\/\/www.investopedia.com\/financial-edge\/0512\/understanding-analyst-ratings.aspx\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">&#8220;buy&#8221; ratings<\/a>\u00a0and four with &#8220;hold&#8221; ratings, with an average\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/p\/pricetarget.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">price target<\/a>\u00a0of $410.94.\n<\/p>\n<p id=\"mntl-sc-block_25-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Home Depot shares were up about 1% in late trading on Monday at around $409.50.\n<\/p>\n<figure id=\"mntl-sc-block_26-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_5-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-text\">Customers shop at a Home Depot store in Arlington, Virginia, on March 14, 2024.<\/span><br \/>\n<span class=\"figure-article-caption-owner\"><\/p>\n<p>Sha Hanting \/ China News Service \/ VCG \/ Getty Images<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_27-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> For the third quarter, analysts expect Home Depot&#8217;s\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/r\/revenue.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">sales<\/a>\u00a0to rise 4% from the same time last year to $39.2 billion, while\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/n\/netincome.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">net income<\/a>\u00a0is projected to slip about 6% to $3.6 billion.\n<\/p>\n<p id=\"mntl-sc-block_28-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> JPMorgan analysts suggested Home Depot and rival Lowe&#8217;s (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=LOW\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">LOW<\/a>) could see a bump in sales from hurricanes that affcted parts of the South in the quarter, but costs for the retailers to handle the storm damage themselves could offset the sales boost.\n<\/p>\n<p id=\"mntl-sc-block_29-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Over the next year, the analysts said the retailers could also get a boost if\u00a0<a href=\"https:\/\/www.investopedia.com\/the-economy-is-going-great-except-for-one-huge-problem-8737911\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">easing mortgage rates<\/a>\u00a0lead the housing market to pick up and consumers take on more renovation or home improvement projects.\n<\/p>\n<p id=\"mntl-sc-block_30-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The stock has gained 18% since the start of the year, lagging the S&amp;P 500&#8217;s 25% gain so far in 2024.\n<\/p>\n<p id=\"mntl-sc-block_31-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/aaron-mcdade-8603749\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\"><em>Aaron McDade<\/em><\/a>\n<\/p>\n<\/div>\n<div id=\"mntl-liveblog-item_4-0\" class=\"comp mntl-liveblog-item mntl-block\"><span class=\"heading-toc\" id=\"toc-2024-11-11t191415390z\"\/><\/p>\n<h2 id=\"mntl-blogpost__headline_4-0\" class=\"comp mntl-blogpost__headline mntl-text-block\"\/>\n<p><strong>Tesla Shares Up More Than 40% Over the Past Week<\/strong><\/p>\n<p>4 hr 16 min ago<\/p>\n<p><button id=\"mntl-blogpost__copylink_4-0\" class=\"comp mntl-blogpost__copylink mntl-copy-link-button mntl-button\" data-link=\"https:\/\/www.investopedia.com\/dow-jones-today-11112024-8742992#toc-2024-11-11t191415390z\" aria-label=\"Copy Link\"><br \/>\n<\/button><\/p>\n<p id=\"mntl-sc-block_32-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Tesla (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=TSLA\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">TSLA<\/a>) shares continued their post-election surge Monday, boosted by hopes of a reduction in regulations by a Trump White House and CEO\u00a0<a href=\"https:\/\/www.investopedia.com\/articles\/personal-finance\/061015\/how-elon-musk-became-elon-musk.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">Elon Musk<\/a>&#8216;s ties to the incoming administration as an adviser to the president-elect.\u00a0\n<\/p>\n<p id=\"mntl-sc-block_33-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Shares of Tesla recently were up 8.5% at $348.70 in recent trading.\u00a0They&#8217;ve added more than 40% since the start of trading on election day and are at their highest levels since early 2022.\n<\/p>\n<figure id=\"mntl-sc-block_34-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_6-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-owner\"><\/p>\n<p>TradingView<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_35-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Adding to that enthusiasm was a huge increase in the Tesla price target by Wedbush to $400 from $300. The analysts wrote in a note to clients that they believe the Trump victory &#8220;will be a gamechanger for the autonomous and AI story for Tesla and Musk over the coming years.&#8221;\n<\/p>\n<p id=\"mntl-sc-block_36-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The analysts said that they estimate the autonomous vehicle and\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/a\/artificial-intelligence-ai.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">artificial intelligence (AI)<\/a>\u00a0opportunities will be worth $1 trillion for the company. They added that they fully expect &#8220;these key initiatives will now get fast tracked as the federal regulatory spiderweb that Musk &amp; Co. have encountered over the past few years around FSD\/autonomous clears significantly under a new Trump era.&#8221;\n<\/p>\n<p id=\"mntl-sc-block_37-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The analysts noted that they feel Tesla &#8220;remains the most undervalued AI play in the market today.&#8221; Wedbush maintained its &#8220;outperform&#8221; rating on the stock.\u00a0<\/p>\n<p id=\"mntl-sc-block_38-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/bill-mccoll-5186338\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\"><em>Bill McColl<\/em><\/a>\n<\/p>\n<\/div>\n<div id=\"mntl-liveblog-item_5-0\" class=\"comp mntl-liveblog-item mntl-block\"><span class=\"heading-toc\" id=\"toc-2024-11-11t175043716z\"\/><\/p>\n<h2 id=\"mntl-blogpost__headline_5-0\" class=\"comp mntl-blogpost__headline mntl-text-block\"\/>\n<p><strong>AbbVie Sinks on Drug Trial Results; Bristol Meyers Squibb Soars<\/strong><\/p>\n<p>5 hr 39 min ago<\/p>\n<p><button id=\"mntl-blogpost__copylink_5-0\" class=\"comp mntl-blogpost__copylink mntl-copy-link-button mntl-button\" data-link=\"https:\/\/www.investopedia.com\/dow-jones-today-11112024-8742992#toc-2024-11-11t175043716z\" aria-label=\"Copy Link\"><br \/>\n<\/button><\/p>\n<p id=\"mntl-sc-block_39-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Shares of AbbVie (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=abbv\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">ABBV<\/a>) plummeted Monday after the company said its schizophrenia drug Emraclidine missed key goals in a pair of\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/c\/clinical-trials.asp\" class=\"pseudoStyle\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">Phase 2 clinical trials<\/a>.\n<\/p>\n<p id=\"mntl-sc-block_40-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> AbbVie said the trials did not show a statistically significant improvement in symptoms compared with the placebo group at week 6.\n<\/p>\n<p id=\"mntl-sc-block_41-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8220;While we are disappointed with the results, we are continuing to analyze the data to determine next steps,&#8221; AbbVie Chief Scientific Officer Dr. Roopal Thakkar said.\n<\/p>\n<p id=\"mntl-sc-block_42-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Abbvie&#8217;s shares were recently down 11%. Meanwhile, shares of Bristol Myers Squibb (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=bmy\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">BMY<\/a>), makers of\u00a0<a href=\"https:\/\/www.investopedia.com\/bristol-myers-squibb-stock-rises-after-schizophrenia-drug-gets-fda-approval-8719431\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">recently approved schizophrenia treatment<\/a>\u00a0Cobenfy, jumped 12%.\n<\/p>\n<p id=\"mntl-sc-block_43-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/aaron-rennie-8603747\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\"><em>Aaron Rennie<\/em><\/a>\n<\/p>\n<\/div>\n<div id=\"mntl-liveblog-item_6-0\" class=\"comp mntl-liveblog-item mntl-block\"><span class=\"heading-toc\" id=\"toc-2024-11-11t165127298z\"\/><\/p>\n<h2 id=\"mntl-blogpost__headline_6-0\" class=\"comp mntl-blogpost__headline mntl-text-block\"\/>\n<p><strong>Bitcoin, Crypto Related Stocks Continue Surging<\/strong><\/p>\n<p>6 hr 38 min ago<\/p>\n<p><button id=\"mntl-blogpost__copylink_6-0\" class=\"comp mntl-blogpost__copylink mntl-copy-link-button mntl-button\" data-link=\"https:\/\/www.investopedia.com\/dow-jones-today-11112024-8742992#toc-2024-11-11t165127298z\" aria-label=\"Copy Link\"><br \/>\n<\/button><\/p>\n<p id=\"mntl-sc-block_44-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The cryptocurrency euphoria that followed Donald Trump&#8217;s victory in the U.S. presidential election continued Monday, with everything tied to the digital currency industry powering ahead.\n<\/p>\n<p id=\"mntl-sc-block_45-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Bitcoin once again traded at an all-time high, surpassing $84,000. Shares of companies in the sector, including Robinhood Markets (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=HOOD\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">HOOD<\/a>), which was up 10%. Coinbase Global (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=COIN\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">COIN<\/a>), Riot Platforms (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=RIOT\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\">RIOT<\/a>), and Marathon Digital parent MARA Holdings (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=MARA\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"4\">MARA<\/a>) all soared 17% or better.\n<\/p>\n<p id=\"mntl-sc-block_46-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Crypto\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/e\/etf.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">exchange-traded funds (ETFs)<\/a>, such as iShares Bitcoin Trust (<a href=\"https:\/\/www.tradingview.com\/symbols\/NASDAQ-IBIT\/\" class=\"pseudoStyle\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"externalLink\" data-ordinal=\"2\" rel=\"nofollow\">IBIT<\/a>) and Grayscale Bitcoin Trust (<a href=\"https:\/\/www.tradingview.com\/symbols\/AMEX-GBTC\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"externalLink\" data-ordinal=\"3\" rel=\"nofollow\">GBTC<\/a>), also jumped about 10% each.\n<\/p>\n<p id=\"mntl-sc-block_47-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The enthusiasm has been driven by Trump&#8217;s previous comments about his support of cryptocurrencies, at one point saying he wants the U.S. to be &#8220;the crypto capital of the planet.&#8221;\n<\/p>\n<p id=\"mntl-sc-block_48-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> In addition, MicroStrategy (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=MSTR\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">MSTR<\/a>), the largest corporate holder of bitcoin, announced that it had purchased an additional 27,200 bitcoin for $2.03 billion.\u00a0MicroStrategy shares recently were up 17%.\n<\/p>\n<p id=\"mntl-sc-block_49-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/bill-mccoll-5186338\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\"><em>Bill McColl<\/em><\/a>\n<\/p>\n<\/div>\n<div id=\"mntl-liveblog-item_7-0\" class=\"comp mntl-liveblog-item mntl-block\"><span class=\"heading-toc\" id=\"toc-2024-11-11t153558577z\"\/><\/p>\n<h2 id=\"mntl-blogpost__headline_7-0\" class=\"comp mntl-blogpost__headline mntl-text-block\"\/>\n<p><strong>Humana Slumps, Cigna Rises as Deal Talks Off<\/strong><\/p>\n<p>7 hr 54 min ago<\/p>\n<p><button id=\"mntl-blogpost__copylink_7-0\" class=\"comp mntl-blogpost__copylink mntl-copy-link-button mntl-button\" data-link=\"https:\/\/www.investopedia.com\/dow-jones-today-11112024-8742992#toc-2024-11-11t153558577z\" aria-label=\"Copy Link\"><br \/>\n<\/button><\/p>\n<p id=\"mntl-sc-block_50-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Humana (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=HUM\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">HUM<\/a>) shares were down 5% Monday morning after The Cigna Group (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=CI\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">CI<\/a>) said it is not pursuing a combination with its smaller health insurance rival. Cigna stock, meanwhile, was up more than 6%.\n<\/p>\n<p id=\"mntl-sc-block_51-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Cigna reportedly\u00a0<a href=\"https:\/\/www.investopedia.com\/healthcare-giant-cigna-is-the-biggest-s-and-p-500-stock-mover-on-monday-here-s-why-8414031\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">called off<\/a>\u00a0its plans to buy Humana late last year after neither side could agree on financial terms. <em>Bloomberg\u00a0<\/em>reported last month that the two companies <a href=\"https:\/\/www.investopedia.com\/cigna-humana-merger-discussions-reportedly-revived-8731259\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">had revived\u00a0<\/a>informal talks about a deal, with discussions in the early stages.\n<\/p>\n<p id=\"mntl-sc-block_52-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8220;In light of recent and persistent speculation, The Cigna Group expects to communicate that the company is not pursuing a combination with Humana Inc.,&#8221; Cigna said in a press release Monday,\n<\/p>\n<p id=\"mntl-sc-block_53-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8220;The Cigna Group remains committed to its established M&amp;A criteria and would only consider acquisitions that are strategically aligned, financially attractive, and have a high probability to close,&#8221; the Bloomfield, Conn.-based company added.\n<\/p>\n<p id=\"mntl-sc-block_54-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Cigna said it had bought $6 billion of stock this year, including $1 billion so far in the fourth quarter, and will continue to &#8220;actively&#8221; repurchase shares into next year. It said it would use the bulk of proceeds from the sale of its Medicare businesses to fund the buybacks.<\/p>\n<figure id=\"mntl-sc-block_55-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_7-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-owner\"><\/p>\n<p>TradingView<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_56-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Humana shaves have lost 40% of their value this year, while Cigna is up about 15%,<\/p>\n<p id=\"mntl-sc-block_57-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/nisha-gopalan-8424025\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\"><em>Nisha Gopalan<\/em><\/a>\n<\/p>\n<\/div>\n<div id=\"mntl-liveblog-item_8-0\" class=\"comp mntl-liveblog-item mntl-block\"><span class=\"heading-toc\" id=\"toc-2024-11-11t143015567z\"\/><\/p>\n<h2 id=\"mntl-blogpost__headline_8-0\" class=\"comp mntl-blogpost__headline mntl-text-block\"\/>\n<p><strong>S&amp;P 500 Levels to Watch as Index at Record High<\/strong><\/p>\n<p>9 hours ago<\/p>\n<p><button id=\"mntl-blogpost__copylink_8-0\" class=\"comp mntl-blogpost__copylink mntl-copy-link-button mntl-button\" data-link=\"https:\/\/www.investopedia.com\/dow-jones-today-11112024-8742992#toc-2024-11-11t143015567z\" aria-label=\"Copy Link\"><br \/>\n<\/button><\/p>\n<p id=\"mntl-sc-block_58-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The S&amp;P 500 (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=spx\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">SPX<\/a>) closed at a\u00a0<a href=\"https:\/\/www.investopedia.com\/dow-jones-today-11082024-8742087\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">record high Friday<\/a>\u00a0after briefly crossing the 6K level for the first time, as stocks have rallied following the U.S. presidential election.\n<\/p>\n<p id=\"mntl-sc-block_59-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Through Friday\u2019s close, the S&amp;P 500 has gained around 25% this year.\u00a0 The index broke above a rising wedge pattern on above-average volume last week, setting the stage for further potential gains in the week ahead.\n<\/p>\n<figure id=\"mntl-sc-block_60-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_8-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-text\">Source: TradingView.com.<\/span><br \/>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_61-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> A measured move, which calculates the distance between the rising wedge&#8217;s two trendlines near their widest point and adds that amount to the initial breakout area, projects a price target in the S&amp;P 500 of 6,500.\n<\/p>\n<p id=\"mntl-sc-block_62-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Investors should watch important support levels on the index&#8217;s chart around 5,900 and 5,670.\n<\/p>\n<p id=\"mntl-sc-block_63-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Read the full <a href=\"https:\/\/www.investopedia.com\/s-and-p-500-levels-to-watch-as-post-election-rally-drives-index-to-record-high-8742938\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">technical analysis piece here.<\/a>\n<\/p>\n<p id=\"mntl-sc-block_64-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/contributors\/54411\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\"><em>Timothy Smith<\/em><\/a>\n<\/p>\n<\/div>\n<div id=\"mntl-liveblog-item_9-0\" class=\"comp mntl-liveblog-item mntl-block\"><span class=\"heading-toc\" id=\"toc-2024-11-11t132912959z\"\/><\/p>\n<h2 id=\"mntl-blogpost__headline_9-0\" class=\"comp mntl-blogpost__headline mntl-text-block\"\/>\n<p><strong>Stock Futures Point to Higher Open for Major Indexes<\/strong><\/p>\n<p>10 hr 1 min ago<\/p>\n<p><button id=\"mntl-blogpost__copylink_9-0\" class=\"comp mntl-blogpost__copylink mntl-copy-link-button mntl-button\" data-link=\"https:\/\/www.investopedia.com\/dow-jones-today-11112024-8742992#toc-2024-11-11t132912959z\" aria-label=\"Copy Link\"><br \/>\n<\/button><\/p>\n<p id=\"mntl-sc-block_65-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Futures tied to the Dow Jones Industrial Average were up 0.4%.\n<\/p>\n<figure id=\"mntl-sc-block_66-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_9-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-owner\"><\/p>\n<p>TradingView<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_67-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> S&amp;P 500 futures also were up 0.4%.\n<\/p>\n<figure id=\"mntl-sc-block_68-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_10-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-owner\"><\/p>\n<p>TradingView<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_69-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Nasdaq 100 futures were up 0.5%.\n<\/p>\n<figure id=\"mntl-sc-block_70-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_11-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-owner\"><\/p>\n<p>TradingView<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.investopedia.com\/dow-jones-today-11112024-8742992\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Biggest S&amp;P 500 Movers on Monday 51 minutes ago Advancers Shares of pharmaceutical company Bristol-Myers Squibb (BMY) jumped 10.5%, logging the top daily performance in the S&amp;P 500, after competitor &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=124875\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-124875","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/124875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=124875"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/124875\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=124875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=124875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=124875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}