Market Volatility: Causes & 7 Stocks Traded
Market Summary: November 17, 2023
– victoriasterling
Stocks experienced a rebound on Friday, but weekly losses persisted. Investor sentiment was heavily influenced by comments from the New York Fed President John Williams regarding potential interest rate cuts. Earnings reports from key companies, especially Nvidia, also played a notable role in market movements.
Key Market Data (November 17, 2023):
| Index | Daily Change | Weekly Change |
|---|---|---|
| Dow Jones Industrial Average | +1% | -2% |
| S&P 500 | +1% | -2% |
| Nasdaq Composite | +0.9% | -2.7% |
Interest Rate Cut Expectations:
* probability of a 25-basis-point rate cut in December: 71% (as of Friday) - a significant increase from 39% the previous day.
* Source: CME FedWatch Tool
Earnings Highlights:
| Company | Report Date | Key details