Trump brings the best week for US stocks

Sheriff Adel (Washington)

The US stock market rose on Friday, continuing to break record highs, with the Dow Jones Index and the Standard & Poor’s 500 recording their best weekly performance in 2024, as part of the wave of high confidence that hit the US stock markets, due to the victory of Donald Trump in the elections.
In trading on the last day of the week, the Dow Jones industrial average rose 259.65 points, or 0.59%, to close at 43,988.99. The index traded for the first time above the 44,000 level during the session.
The Standard & Poor’s 500 index also rose 0.38% to close at 5,995.54, after briefly surpassing the 6,000 barrier in a new milestone for it.
The Nasdaq Composite Index, which includes technology companies, edged down slightly, rising just 0.09% to 19,286.78, but also hit a new record high during trading.
All three major indexes ended the week at record highs.
The week was strong for stocks in general, thanks to the big rally that the markets saw on Wednesday after the announcement of Trump’s victory, as the Standard & Poor’s 500 Index rose by 4.66% during the​​​​ week, while the Dow rose 4.61%, recording its best weekly performance since November 2023.
The Nasdaq index outperformed those gains, rising 5.74%, while the Russell 2000 small-cap index jumped 8.57%.
“Stocks are excited to be pricing in Trump’s domestic growth policies over small caps, with hopes of a more relaxed regime compared to the Biden administration,” Venu Krishna, strategist at Barclays, said in a note to investors. client.
He said: “Whether these trends are sustainable or not is still uncertain. and sometimes exceed it, as is the case with the Russell 2000 index.
Investors generally see the Republican-controlled government as more amenable to expectations of market liberalization, with a greater ability to promote mergers and acquisitions and provide new tax cuts. However, fears of large federal deficits and rising tariffs have raised concerns about the possibility of higher inflation.
Tesla shares
Most Trump-linked stocks also did well on Friday, with shares of Tesla, whose CEO Elon Musk has backed the president-elect, rising 8.2%, extending gains for the fourth straight session.
The market value of the electric car maker has crossed the trillion dollar mark.