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The S&P500 closed at record highs Friday, after hitting unprecedented milestones intraday, spurred by ongoing optimism that a second Trump administration is likely to boost economic growth.
At 4.00 p.m. ET (2100 GMT) the S&P 500 gained 0.4% to close at record high after briefly hitting a record 6,013.2. The Nasdaq 100 also closed at record high, while the Dow Jones rose 259 points, or 0.6% to closing record high after notching an intraday record of 44,157.29.
Investors believe Trump's proposals, in particular higher tariffs, could push up consumer prices. — Bloomberg
NEW YORK: Investors will focus in the coming week on whether inflation trends can help sustain the record-breaking stock rally that has received a boost from Donald Trump's victory in the US presidential race.
The benchmark S&P 500 surged to an all-time high and hit the 6,000 level for the first time on Friday, as expectations of tax cuts and looser regulations under Trump helped lift
The Dow rose 259.65 points, or 0.59%, to 43,988.99, the S&P 500 gained 22.44 points, or 0.38%, to 5,995.54 and the Nasdaq gained 17.32 points, or 0.09%, to 19,286.78.
NEW YORK: The S&P 500 briefly surpassed the 6,000 mark and closed with its biggest weekly percentage gain in a year, as Donald Trump's election victory and a possible Republican Party sweep in Congress fuelled expectations for favourable business policies.
Also supporting stocks this week was a widely expected interest rate cut o
Haha, MS, find people fight again? hahaha stop kakacaucau people lar you... So rich, go US market.. dont play in Bursa ... Your wealth dont go up or go down... i call this time waster...