November 11, 2024

Markets Rebound Amid Volatility

Latest Publications Markets Rebound Amid Volatility

Large Caps Advance

U.S. stocks advanced to close out the week at record levels as uncertainty dissipated following the presidential election. The S&P 500 and Nasdaq Composite both had their best weekly performances since November of 2023. Small caps performed even better as market participants dialed up their risk exposure. The November FOMC meeting concluded with a widely expected rate cut of 0.25%. Fed chair Powell stated that economic activity has been stronger than expected but reiterated that the Fed is still data dependent when considering future rate cuts.

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The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.