Weekly Commentary | November 3, 2024 | Opps Rights Offering, Muni Purchases Coming, Taxables Remain Rich

Macro Picture

Stocks finished the week lower as a slew of earnings, especially from the megacap tech companies, along with a very weak jobs report helped to pressure the markets.

The S&P 500 was down 1.4%, about the same as the Nasdaq while the Dow Jones was fractionally lower. Dow Jones announced on Friday that Nvidia will be replacing Intel in the indus…