Wednesday, 13 November 2024: Post-election hype begins to fade as markets retreat

Nov 12, 2024 · 6m 42s

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US equity markets retreated, with the post Trump election rally fading ahead of inflation figures tonight AEST - Dow fell 382-points or 0.86% to 43,911, having closed above >44,000 for...

US equity markets retreated, with the post Trump election rally fading ahead of inflation figures tonight AEST - Dow fell 382-points or 0.86% to 43,911, having closed above >44,000 for the first time a day earlier. Amgen Inc slumped -7.14% to be the worst performer in the 30-stock index after investment bank Cantor Fitzgerald flagged possible safety issues with MariTide, the biotechnology firm's experimental anti-obesity drug. According to analysts, data from clinical trials increased concerns about bone mineral density loss among patients taking the weight-loss treatment. Honeywell International Inc rose +3.87% to a record high following news that activist investor Elliott Investment Management had taken a US$5B stake in the company. Nvidia Corp rose +2.10%

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