U.S. Stocks See Further Upside, Reaching New Record Highs
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U.S. stocks extended their rally, with major averages hitting record highs on November 8, 2024; Dow rose 259.65 points (0.6%) to 43,988.99; Nasdaq up 17.32 points (0.1%) to 19,286.78; S&P 500 increased 22.44 points (0.4%) to 5,995.54; Nasdaq surged 5.7% for the week, S&P 500 up 4.7%, Dow up 4.6%; Stocks benefited from Donald Trump's presidential election victory; Federal Reserve lowered interest rates by 25 basis points to 4.50-4.75%; Consumer sentiment index rose to 73.0 in November from 70.5 in October; Year-ahead inflation expectations decreased to 2.6%; Treasury yields fell, boosting interest rate-sensitive stocks; Mixed performance in Asia-Pacific markets; European markets declined; Upcoming U.S. economic reports may impact trading.
#Stocks #Economy #Trump #FederalReserve #ConsumerSentiment #Inflation #MarketTrends #InterestRates #UsEconomy #RecordHighs
https://www.rttnews.com/3489325/u-s-stocks-see-further-upside-reaching-new-record-highs.aspx
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