From Nasdaq: 2024-11-12 07:04:00

U.S. stock markets closed higher on Monday, continuing the post-election rally. The Dow Jones rose 0.7%, hitting a record high above 44,000. The Nasdaq Composite also reached a record high, with Tesla leading the gains. The S&P 500 closed above 6,000 for the first time. Consumer Discretionary and Financial sectors saw gains while Real Estate sector dropped. The VIX was down to 14.97.

The victory of President-elect Donald Trump boosted investor confidence in U.S. stocks. The strong fundamentals of the U.S. economy, positive earnings reports, and Fed rate cuts are key drivers. GDP growth, earnings beats, and Fed rate reductions indicate a positive outlook for the stock market. Market participants are anticipating further rate cuts.

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Read more at Nasdaq: Stock Market News for Nov 12, 2024