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Wall Street Soars Post-Trump Election

Wall Street celebrated Trump's victory with record highs, while investors await the Federal Reserve's interest rate decision.

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PoliticsEconomyUs PoliticsInvestmentStock MarketFinance

Dow JonesS&P 500Nasdaq 100Federal ReserveCme Group

Donald TrumpJerome Powell

Which sectors of the S&P 500 performed best and worst?: The financial (+6.16%), industrial goods (+3.93%), and consumer discretionary (+3.62%) sectors performed well in the S&P 500. Conversely, consumer staples (-1.57%) and utilities (-0.98%) experienced declines.
How did the "Trump Trade" affect sectors beyond the stock market?: The market's reaction, known as the "Trump Trade," wasn't limited to stocks; Treasury yields and the dollar also rose significantly. This was due to expectations of inflationary trade policies and their impact on the Fed's monetary policy.
What key economic event are investors focusing on following the election?: Investors are closely watching the Federal Reserve's interest rate decision and Jerome Powell's press conference. Futures markets are pricing in a 100% probability of a rate cut at this meeting, according to CME Group's Fed Watch tool.
What was the overall market reaction to Donald Trump's presidential election win?: Wall Street experienced a euphoric session, reaching new records after Donald Trump's presidential victory. The Dow Jones soared 3.57%, the S&P 500 gained 2.53%, and the Nasdaq 100 jumped 2.74%.
Name some of the top-performing and underperforming stocks in the Dow Jones and other indices.: Among the top Dow Jones performers were Goldman Sachs (+13.10%), JP Morgan (+11.54%), Caterpillar (+8.74%), and Intel (+7.46%). Conversely, Nike (-3.41%), Home Depot (-2.93%), Procter & Gamble (-2.84%), and Coca-Cola (-2.55%) saw significant losses.

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