US indexes gained ground, with the S&P 500 and the Dow touching record highs as investors were encouraged by Donald Trump’s pick for the top economic job.
Wall Street closed higher on Friday, with the small-cap Russell the best performer as investors took comfort from data pointing to robust economic activity in the world’s biggest economy.
Stocks ground higher overnight led by cyclical stocks including financials and industrials boosting the broader market at a time when tech lagged as Google slumped on regulatory concerns.
Stocks finished the day session mixed ignoring a slump in Target and caution in tech ahead of Nvidia’s quarterly earnings which beat the analysts expectations, but disappointed investors
Stocks climbed overnight, despite an escalation from Russia by lowering the Kremlin’s threshold to authorise a nuclear strike. The rally was led by a jump in technology shares as investors eagerly awaited results this week from Nvidia
Stocks closed higher overnight, driven by a rally in big tech and Tesla ahead of key earnings from Nvidia and comments from Federal Reserve officials.
Investors started to abandon the Trump trade on Friday driven by concerns about slower interest-rate cuts and reactions to President-elect Donald Trump’s cabinet selections.
Stocks spent the session lower overnight as the Trump rally burnt out and persistent inflation gave the Fed room to slow the pace of cuts, a sentiment echoed by Chairman Powell in a speech in Dallas around the market close
Stocks drifted higher as in-line inflation data for October, strengthened optimism that the Federal Reserve will likely deliver another rate cut in December, while Bitcoin hit fresh record highs at $93,226 overnight
Stocks took a breather from their recent melt-up Tuesday, pressured by a surge in Treasury yields just a day ahead of fresh inflation data.
Stocks were mixed overnight with the Russell (small-caps) and the Dow reaching fresh records, with the focus turning to upcoming inflation data and a slew of Federal Reserve speakers.
Wall Street’s post-election rally shows no signs of slowing down as the S&P 500, Nasdaq 100, and Dow Jones Industrial Average all closed at record highs on Friday.
