Stocks have fallen back to pre-Election Day levels amid renewed inflation and interest-rate concerns
The post-Election-Day rally in stock prices is fading amid forecasts that the Federal Reserve will not lower interest rates as much as forecast.
The post-Election-Day rally in stock prices is fading amid forecasts that the Federal Reserve will not lower interest rates as much as forecast.
Prior to the opening bell Monday, the tech-heavy Nasdaq was down as much as 1%, while the broader S&P 500 was off 0.65% and the Dow Jones Industrial Average was poised to open .10% lower.
Officially, S&P 500 futures opened below their November 6, 2024 levels for the first time.
President-elect Donald Trump had hoped his election to a second term would set off a new cycle of business optimism and continue the record-high stock prices seen under the Biden administration.
Yet the post-election rally has proved relatively short-lived amid fears of price growth reaccelerating, alongside concerns about the long-term fiscal outlook for the U.S.
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