3 sources·Business

Stocks Surge to Record Highs Following Trump Election Victory

U.S. stocks achieved their best weekly performance of the year in the wake of Donald Trump’s presidential election win, as markets react positively to policy expectations.

33%

67%

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Updated: Nov 8th, 2024, 7:19 PM ET

Summary

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U.S. stocks recorded their best week of the year following Donald Trump's electoral victory, with significant gains across major indexes as investors anticipate favorable economic policies. The S&P 500 briefly crossed 6,000 points, while the Dow reached record highs. The Federal Reserve's interest rate cut further buoyed market sentiment. As sector-specific stocks, notably in tech and energy, surged, investors showed renewed confidence, evidenced by a substantial influx of capital into equity markets. Analysts suggest the rally may continue as markets digest the election outcome and upcoming legislative changes.

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