Nvidia earnings, Trump rally, Fed spending: Market Takeaways
Today on Asking for a Trend, Host Josh Lipton dives into the latest stock market moves (^DJI, ^IXIC, ^GSPC) and the geopolitical impact of the Russia-Ukraine conflict.Yahoo Finance Markets & Data Editor Jared Blikre breaks down the market rally driven by Trump's presidential win, growing anticipation for Nvidia's (NVDA) upcoming earnings report, and bitcoin's (BTC-USD) record surge. President-elect Trump has named Elon Musk and Vivek Ramaswamy to lead the proposed Department of Government Efficiency (DOGE), aimed at reducing federal spending. Former Clinton administration official Elaine Kamarck warns that while spending cuts are necessary, they must be realistic and well-detailed. Finally, let’s look ahead to tomorrow, Wednesday, November 20. In addition to Nvidia, TJX Companies (TJX), Palo Alto Networks (PANW), and Target (TGT) will also release their third quarter earnings results.This post was written by Cindy Mizaku.
