The Post-Election Rally Takes A Breather

Dow falls more than 350 points, retreating from record as postelection rally takes breather (CNBC)

Market Is Punishing Negative EPS Surprises More Than Average for Q3 (FactSet)

Apple’s four-phone strategy is lagging. One idea to reviving sales: Cut the cameras (CNBC)

Amazon steps up effort to build AI chips that can rival Nvidia (Financial Times)

Elliott Amasses $5 Billion-Plus Stake in Honeywell (Bloomberg)

Alibaba, JD Tout Singles’ Day Highs While China Economy Sags (Bloomberg)

Watch Out: These tech stocks have heavy manufacturing exposure to China, Citi warns (CNBC)

Bonuses Set to Grow Across Wall Street for First Time Since 2021 (Bloomberg)

Disney Explores Wider Field of Candidates to Succeed Iger (WSJ)

Real-Estate Scions Are Breaking a Cardinal Rule: Never Sell (WSJ)