The Post-Election Rally Takes A Breather

Written By Timmy Adami

November 12, 2024

MRKT Matrix - Tuesday, November 12th

  • Dow falls more than 350 points, retreating from record as postelection rally takes breather (CNBC)

  • Market Is Punishing Negative EPS Surprises More Than Average for Q3 (FactSet)

  • Apple’s four-phone strategy is lagging. One idea to reviving sales: Cut the cameras (CNBC)

  • Amazon steps up effort to build AI chips that can rival Nvidia (Financial Times)

  • Elliott Amasses $5 Billion-Plus Stake in Honeywell (Bloomberg)

  • Alibaba, JD Tout Singles’ Day Highs While China Economy Sags (Bloomberg)

  • Watch Out: These tech stocks have heavy manufacturing exposure to China, Citi warns (CNBC)

  • Bonuses Set to Grow Across Wall Street for First Time Since 2021 (Bloomberg)

  • Disney Explores Wider Field of Candidates to Succeed Iger (WSJ)

  • Real-Estate Scions Are Breaking a Cardinal Rule: Never Sell (WSJ)

Timmy Adami
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