December 23, 2024

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The 2 things that will drive the stock market after last week’s Trump-Fed rally

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The 2 things that will drive the stock market after last week's Trump-Fed rally

President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC.

Drew Angerer | Getty Images

Talk about an eventful week.

Normally, when the Fed cuts interest rates, that would be the big story.

However, Thursday’s Federal Reserve meeting pales in comparison to Tuesday’s presidential election, which yielded a winner before the sun came up the next morning.

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Performance since Nov. 1 close

The stock market reaction Wednesday to Republican for a full list of the stocks in Jim Cramer’s Charitable Trust.)

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