The US stock market is almost depressed after the election 'hype' starts to fade

thecekodok


On Thursday, US stocks were largely flat as the recent post-election boost was seen to fade as the focus began to shift to central bank policy.


A day earlier, the Dow Jones and S&P 500 indexes rose slightly by 0.11% and 0.02%, while the Nasdaq, known for its technology focus, declined 0.26%.


Certain stocks, such as consumer products, energy and real estate, performed better, while technology, communications services and healthcare stocks traded poorly.


Investors looking at US inflation data published yesterday for October saw it meet expectations with a rebound to 2.6%, ending the ongoing downward trend since April.


This indicates that the Federal Reserve's (Fed) efforts to control inflation are ongoing, but still face challenges.


In after-hours trading, CNH Industrial, an agricultural equipment company, saw its stock jump more than 8%.


The increase comes after investor David Einhorn revealed a new investment in the company during CNBC's Delivering Alpha conference.

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