US markets set for best week this year on Trump win, interest rate cut

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Powell said the central bank would begin estimating the impact on its twin goals of stable inflation and maximum employment when the new administration's proposals take shape.

Investors are also keeping an eye on a likely "Red Sweep" as Republicans were set to keep their narrow lead in the House of Representatives after winning control of the Senate.

The S&P 500 posted 44 new 52-week highs and six new lows while the Nasdaq Composite recorded 103 new highs and 47 new lows.Record Galore!

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Article Details

Category: BusinessFinance

Markets: India

Topics: US markets Interest rate cut Donald Trump Republican Dow Jones

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 22:07:18 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 595 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23471951

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 303 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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News Language: English

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Publisher ID: #49

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