Thursday: Jobless Claims; Fed Rate Decision, Powell; $DKNG $ANET $SQ Earnings
Friday: Consumer Sentiment; $SONY Earnings
U.S. stocks rallied sharply to close at record highs on Wednesday after Republican Donald Trump won the 2024 U.S. presidential election in a stunning comeback four years after being voted out of the White House.
The Dow Industrials, S&P 500 and Nasdaq Composite each ended at record levels with investors expecting lower taxes, deregulation and a U.S. president who is not shy to weigh in on everything from the stock market to the dollar, although fresh tariffs could bring challenges in the form of a higher deficit and inflation.
The Republican's win powered a rally in so-called "Trump trades," sending U.S. Treasury yields sharply higher, with the benchmark 10-year note yield hitting a four-month high of 4.479%. Bitcoin hit a record high of over $76,000 and the dollar was on track for its biggest one-day percentage gain since September 2022.
Both the Dow and S&P 500 registered their biggest one-day percentage gains since November 2022. The Nasdaq notched its biggest daily percentage gain since February.
Strong gains were also made by shares of cryptocurrency companies, energy firms and prison operators, while renewable energy shares fell.
#TradingMadeEasy #NewsAboutCrypto #BinanceSquareFamily $BTC
