Stock market today: S&P 500 eyes 6,000 mark as Wall Street eyes best week in a year
Published On Nov 8, 2024, 10:13 AM
US stocks are nearing record highs with the S&P 500 approaching the 6,000 mark. The market has seen a good week driven by optimism following the election of President-elect Donald Trump, although some of the initial enthusiasm appears to be waning. The tech-heavy Nasdaq is struggling slightly due to slowdowns in response to China’s recent fiscal stimulus efforts. Nonetheless, the Federal Reserve's recent interest rate cuts have buoyed the markets, leading to expectations of continued upward momentum. Notably, companies like Sony and Paramount Global posted strong earnings, suggesting positive trends in certain sectors.