Evening Market Recap - Wednesday, 13-Nov
Update: 2024-11-13
Description
US equities finished mixed in Wednesday trading, ending off best levels after an uneventful afternoon, with the Dow Jones and S&P500 closing up 11bps, and 2bps, while the Nasdaq closed down 26bps. Big headline today was October's in-line core CPI print in contrast to some fears for a hotter number. Report improved market-based odds for a 25bp cut in December with Fedwatch noting just an ~18% chance of a pause, down from 41% yesterday. Multiple media outlets projected GOP will retain majority in the House, though several races remain uncalled.
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