U.S. stocks rise sharply as Dow and S&P 500 post best week of 2024 after Trump election win

U.S. stocks rose significantly last week, with the Dow Jones and S&P 500 achieving their best weekly performance of the year after Donald Trump was elected president. The S&P 500 increased by 4.66%, while the Dow gained 4.61%. The CNN Money Fear and Greed index improved slightly but remained in the "Neutral" zone. Consumer sentiment also rose to 73 in November, the highest in seven months, surpassing expectations. Tesla shares surged 8.2% following the election, and Applied Optoelectronics saw a 55% increase after strong revenue results. Most sectors on the S&P 500 closed positively, except for materials and communication services.