U.S. markets surge as S&P 500 tops 6000 following Trump's election win

benzinga.com

U.S. markets surged on November 8, with the S&P 500 briefly exceeding 6,000, marking its largest weekly gain in a year. This rally followed Donald Trump's election win and expectations of pro-business policies, boosting investor sentiment. In Asia, Japan's Nikkei 225 rose 0.18%, while Australia's S&P/ASX 200 fell 0.35%. China's Shanghai Composite gained 0.51%, contrasting with declines in India's Nifty 50 and Hong Kong's Hang Seng. European markets opened positively, with the STOXX 50 index up 1.24%. The U.S. dollar reached a three-month high, driven by expectations of inflationary policies following Trump's election. Oil prices fell slightly amid concerns over demand growth in China.


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