Stock market today: S&P 500 touches 6,000 mark as Wall Street heads for best week in a year
Published On Nov 8, 2024, 12:24 PM
US stocks are experiencing a strong week following Donald Trump's presidential victory and a rate cut by the Federal Reserve. The S&P 500 reached 6,000 for the first time, while the Dow exceeded 44,000. Tesla's market cap hit $1 trillion due to a significant stock surge, and Nvidia joined the Dow, replacing Intel, despite slight volatility in semiconductor stocks. Meanwhile, Chinese stocks dropped amid concerns over insufficient government stimulus, affecting the Nasdaq. The overall market is buoyed by optimism around the new administration's policies, although uncertainties remain in the semiconductor sector due to potential tariffs and China-related restrictions.