US stocks surge to record highs as Trump returns to presidency

Quick Summary:

Dow Jones Industrial Average rises 1,450.11 points, or 3.43 per cent, to 43,671.12.

The central bank is widely expected to ease the benchmark interest rate by 25 basis points at its policy-setting meeting ending on Thursday.

Both the Dow and S&P 500 were on track for their biggest one-day percentage gains since November 2022, with the Nasdaq poised for its biggest daily climb since August.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Expected Biggest Gains Trump Nasdaq Higher Record York Points Cent Stocks

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 05:00:25 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 730 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © The Straits Times

News ID: 23453081

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 20 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 6 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

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News Language: English

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Publisher ID: #25

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