Bitcoin +0.40% to $76,928, after reaching the top of 77,000 (Il Sole 24 Ore Radiocor) – New York, Nov 9 – Yesterday, another record close on Wall Street and the best week in a year for the three major indices, thanks to the clear result of the elections, with the clear victory of Donald Trump in the presidential elections and the conquest of the Senate by the Republicans, who should then maintain control of the Chamber. Investors then awaited the Federal Reserve‘s decision on interest rates: the Central Bank, as expected and unanimously, made a cut of 25 basis points to 4.50%-4.75%. According to the CME Group’s FedWatch Tool, there is now a 71.3% chance that the Fed will proceed with another 25 basis point cut at its next meeting, scheduled a week before Christmas. The Dow Jones gained 259.71 points (+0.59%) to 43,989.05, after exceeding 44,000 for the first time during the day. The S&P 500 rose by 22.54 points (+0.38%) to 5,995.64, after exceeding 6,000 for the first time. The Nasdaq closed up 17.32 points (+0.09%) at 19,286.78. For the week, the Dow Jones and the S&P 500 gained approximately 4.7%, the Nasdaq 5.7%, and the Russell 2000 small business index 8%. WTI oil on Nymex lost $1.98, or 2.74%, to $70.38 a barrel, as concerns about Hurricane Rafael’s impact on oil infrastructure in the Gulf of Mexico eased; furthermore, analysts were disappointed by the scale of the economic stimulus decided in China. The week of WTI oil, however, closed with a positive result of 1.3%. Treasury bond yields closed the week lower, despite the strong post-election rise. Gold closed down $10.90, or 0.40%, at $2,687.50 an ounce; for the week, it lost 1.87%. Euro down 0.91% to 1.0706 dollars. Bitcoin up 0.40% to $76,928, after reaching a new record above $77,000 during the day.
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(RADIOCOR) 09-11-24 12:04:46 (0217)ENE 5 NNNN
