05 Nov 2024
43m

Stocks Jump As America Votes… And Cathie Wood Weighs in on Tech 11/5/24

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CNBC's "Fast Money"

In this episode of Fast Money, the panel explored how the stock market responded to election day, with all three major indexes posting gains. They debated the market's future, weighing factors like a potentially divided Congress, the current economic strength, and the upcoming Federal Reserve meeting. Exit polls raised concerns about inflation and its effects on personal finances. The discussion also covered individual stocks, including Supermicro's drop due to auditor issues, Palantir's impressive rise despite its high valuation, and insights on Tesla and other tech stocks. The panelists shared their stock picks post-election, focusing on strategies that are less affected by outcomes and considering the implications of rising interest rates.

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