Reported 19 days ago
U.S. stock markets reached record highs following Donald Trump's win in the presidential election over Kamala Harris, with the Dow Jones increasing by 3.5% and the S&P 500 surpassing 5,900. The Federal Reserve is expected to announce a rate cut of 25 basis points, driven by optimism in the financial sector. Trump’s policies are seen as positive for the markets, prompting significant gains across various sectors, particularly financials and technology, while concerns about potential tariffs on Chinese imports negatively impacted related stocks.
Source: YAHOO