Trump election win propels S&P to historic 6,000 milestone, best week in over a year

seekingalpha11-09

franckreporter/iStock via Getty Images The S&P 500 (SP500) on Friday soared 4.66% for the week to end at 5,995.54 points, posting gains in four out of five sessions. Its accompanying SPDR S&P 500 ETF...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2482464743?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/547167450/image_547167450.jpg?io=getty-c-w750","is_english":true,"pubTime":"2024-11-09 09:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2482464743","market":"hk","top_or_hot":-1,"title":"Trump election win propels S&P to historic 6,000 milestone, best week in over a year","media":"seekingalpha","content":"<div>\n<p>franckreporter/iStock via Getty Images  The S&P 500 (SP500) on Friday soared 4.66% for the week to end at 5,995.54 points, posting gains in four out of five sessions. Its accompanying SPDR S&P 500 ETF...</p>\n\n<a href=\"https://seekingalpha.com/news/4268796-trump-election-win-propels-sp-to-historic-6000-milestone-best-week-in-over-a-year\">Source Link</a>\n\n</div>\n","source":"seekingalpha_trending_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump election win propels S&P to historic 6,000 milestone, best week in over a year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump election win propels S&P to historic 6,000 milestone, best week in over a year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-09 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4268796-trump-election-win-propels-sp-to-historic-6000-milestone-best-week-in-over-a-year><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>franckreporter/iStock via Getty Images  The S&P 500 (SP500) on Friday soared 4.66% for the week to end at 5,995.54 points, posting gains in four out of five sessions. Its accompanying SPDR S&P 500 ETF...</p>\n\n<a href=\"https://seekingalpha.com/news/4268796-trump-election-win-propels-sp-to-historic-6000-milestone-best-week-in-over-a-year\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://seekingalpha.com/news/4268796-trump-election-win-propels-sp-to-historic-6000-milestone-best-week-in-over-a-year","article_id":"2482464743","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/547167450/image_547167450.jpg?io=getty-c-w750"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482464743","pubTimestamp":1731114000,"sourceInfo":{"source_id":"seekingalpha_trending_news","name":"Seeking Alpha Trending News"},"weMediaInfo":null,"summary":"franckreporter/iStock via Getty Images  The S&P 500 (SP500) on Friday soared 4.66% for the week to end at 5,995.54 points, posting gains in four out of five sessions. Its accompanying SPDR S&P 500 ETF","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","XLP":"消费品指数ETF-SPDR主要消费品","BK4550":"红杉资本持仓","XLRE":"Real Estate Select Sector SPDR Fund","SSO.AU":"SPDR S&P/ASX SMALL ORD FUND","SDS":"两倍做空标普500ETF","XLU":"公共事业指数ETF-SPDR","BK4561":"索罗斯持仓","XLV":"健康照护类股ETF-SPDR","BK4581":"高盛持仓","BK4504":"桥水持仓","XLY":"消费品指数ETF-SPDR可选消费品","UPRO":"三倍做多标普500ETF","FDN":"First Trust Dow Jones Internet I","SSO":"两倍做多标普500ETF","XLB":"材料ETF","XLC":"Communication Services Select Sector SPDR Fund","IVV":"标普500指数ETF","XLE":"SPDR能源指数ETF","SPXU":"三倍做空标普500ETF","BK4570":"地缘局势概念股","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","XLF":"金融ETF","IVV.AU":"ISHARES S&P 500 ETF/AUS","RSP":"平均加权指数ETF-Rydex S&P","OEF":"标普100指数ETF-iShares","SPY":"标普500ETF","SH":"标普500反向ETF","XLI":"工业指数ETF-SPDR",".SPX":"S&P 500 Index","XLK":"高科技指数ETF-SPDR","BK4535":"淡马锡持仓","OEX":"标普100","VOO":"Vanguard标普500ETF","BK4559":"巴菲特持仓"},"translate_title":"特朗普大选获胜推动标准普尔指数达到历史性的6,000点里程碑，这是一年多来最好的一周","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SSO.AU":1,"XLY":1,"XLV":1,"XLU":1,"XLRE":1,"XLP":1,"XLK":1,"XLI":1,"XLF":1,"XLE":1,"XLC":1,"XLB":1,"VOO":1,"RSP":1,"IVV.AU":1,"FDN":0.9,"US7Y.BOND":0.9,"US6M.BOND":0.9,"US5Y.BOND":0.9,"US3Y.BOND":0.9,"US30Y.BOND":0.9,"US2Y.BOND":0.9,"US12M.BOND":0.9,"US10Y.BOND":0.9,"SPY":0.9,"ESmain":0.6,"US912797HE00.BOND":0.6,"UPRO":0.6,".SPX":0.6,"SSO":0.6,"SPXU":0.6,"SH":0.6,"SDS":0.6,"IVV":0.6,"OEX":0.6,"OEF":0.6},"content_text":"franckreporter/iStock via Getty Images  The S&P 500 (SP500) on Friday soared 4.66% for the week to end at 5,995.54 points, posting gains in four out of five sessions. Its accompanying SPDR S&P 500 ETF Trust (NYSEARCA:SPY) jumped 4.75% for the week.  One of the most pivotal weeks of the year turned out to be records galore for Wall Street. The benchmark S&P (SP500) took its tally of all-time closing highs to a half century for 2024, while also smashing past the 6,000 points level in a historic first. Though the gauge was unable to close above that mark, it was still on track to post its shortest gap between 1,000-point milestones on record. As if that weren't enough, the index posted its best weekly advance in just over a year. Meanwhile, the venerable Dow Jones Industrial Average (DJI) notched its 41st and 42nd record close of the year, while also taking out the 44,000 points level for the first time ever. The blue-chip index posted its best weekly advance in just over a year as well. Moreover, its advance on Wednesday was its best intraday performance since November 10, 2022.  Market participants began the week cautiously on Monday, as they geared up for the culmination of the U.S. presidential election on Tuesday and the penultimate Federal Reserve interest rate decision of the year on Thursday. On Election Day, the S&P (SP500), Dow (DJI) and fellow major index the tech-heavy Nasdaq Composite (COMP:IND) rallied ahead of the count. Then, as election night unfolded, and it started to become clear that former President Donald Trump was going to win, the so-called \"Trump trade\" gripped markets. U.S. stock futures swelled overnight, while assets that were seen to be benefiting by a second Trump administration saw a boost. The dollar soared, amid expectations that the greenback would rise in a low-tax and high-tariff environment. Bitcoin (BTC-USD) undoubtedly saw the most dramatic reaction, smashing past the $75K level. It has been embraced by Trump in his campaign, who this year became the first-ever major U.S. party nominee to accept donations in bitcoin (BTC-USD) and other cryptocurrencies. By the early hours of Wednesday, Trump, a Republican, had secured the 270 electoral votes needed to win against Democratic opponent Vice President Kamala Harris. The GOP also won the Senate, while the House remains undecided, though a red sweep seems most likely.  The Trump trade lifted off in regular trading hours, with the S&P (SP500) and the Dow (DJI) eventually notching their best post-election intraday climbs ever. The latter popped more than 1,500 points.  \"A decisive U.S. election outcome requires a rethink of the global macroeconomic outlook, as our baseline, as well as most others, has incorporated an assumption of policy continuity. Within this framework that we have been pushing back against, most central banks and private forecasters project inflation returning quickly to 2% almost everywhere with growth proceeding at a trend-like pace,\" JPMorgan's Bruce Kasman said.  On Thursday, the focus shifted to the Fed. The central bank delivered a 25 basis point rate cut as widely expected, following which chair Jerome Powell said both the labor market and inflation was normalizing. Traders took heart from Powell's remarks, and his praise of the resilience of the economy, and continued to be in a buying mood. That spilled into Friday, which gave enough of a boost to the S&P (SP500) and Dow (DJI) to take out their historic milestones. Turning to the weekly performance of the S&P 500 (SP500) sectors, all 11 ended in the green, led by a nearly 8% climb in Consumer Discretionary and a 6% rise in Energy. Technology added more than 5%. See below a breakdown of the performance of the sectors as well as their accompanying SPDR Select Sector ETFs from November 1 close to November 8 close: #1: Consumer Discretionary +7.62%, and the Consumer Discretionary Select Sector SPDR ETF (XLY) +7.51%.  #2: Energy +6.16%, and the Energy Select Sector SPDR Fund ETF (XLE) +6.50%.  #3: Industrials +5.93%, and the Industrial Select Sector SPDR Fund ETF (XLI) +6.03%.  #4: Financials +5.53%, and the Financial Select Sector SPDR Fund ETF (XLF) +5.47%. #5: Information Technology +5.44%, and the Technology Select Sector SPDR Fund ETF (XLK) +5.92%. #6: Communication Services +3.72%, and the Communication Services Select Sector SPDR Fund (XLC) +4.09%.  #7: Real Estate +2.68%, and the Real Estate Select Sector SPDR Fund ETF (XLRE) +2.74%.  #8: Health Care +1.57%, and the Health Care Select Sector SPDR Fund ETF (XLV) +1.65%. #9: Materials +1.46%, and the Materials Select Sector SPDR Fund ETF (XLB) +1.44%. #10: Consumer Staples +1.20%, and the Consumer Staples Select Sector SPDR Fund ETF (XLP) +0.84%. #11: Utilities +1.19%, and the Utilities Select Sector SPDR Fund ETF (XLU) +1.34%. For investors looking to track the benchmark S&P 500 (SP500), here are some exchange-traded funds of interest: (VOO), (IVV), (RSP), (SSO), (UPRO), (SH), (SDS), and (SPXU). \nFor investors looking into the future of what's happening, take a look at the Seeking Alpha Catalyst Watch to see next week's breakdown of actionable events that stand out.  More on the markets  Fed Likely To Pause In December As Pre-Election Support Ends Is Now A Good Time To Buy Stocks With High P/E Ratios? Lessons From 2012 Fed In Line: Markets Reiterate Strong Buy On Stocks And Bonds Reaction Roundup: SA analysts, experts weigh in on Fed's quarter-point rate cut Goldman Sachs shifts to slower view on timing of Fed interest rate cuts","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482464743"}