Markets Digest Trump's Tariff Plan

November 26, 2024

MRKT Matrix - Tuesday, November 26th

• Stocks rise Tuesday, Dow and S&P 500 close at records (CNBC)

• Trump’s Tariff Threat to Top US Trading Partners Roils Markets (Bloomberg)

• Fed officials see interest rate cuts ahead, but only ‘gradually,’ meeting minutes show (CNBC)

• Bank of America sees 11% gain for S&P 500 next year and even bigger returns for certain stocks (CNBC)

• Barclays lifts price target on S&P 500 to 6,600, sees index rallying 10% in 2025 (CNBC)

• Amgen says obesity drug caused up to 20% weight loss after a year, with no plateau (CNBC)

• Biden Proposes Medicare, Medicaid Coverage of Obesity Drugs (Bloomberg)

• Intel Gets $7.9 Billion Chips Award for US Factory Expansion (Bloomberg)

• Retail Earnings - Abercrombie (CNBC) Dick’s Sporting Goods (CNBC) Best Buy (Bloomberg)

• Target’s Slide From Cheap Chic to Dull Chore (WSJ)

• US New-Home Sales Slump to Two-Year Low After Storms in South (Bloomberg)

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