From NASDAQ.: 2024-11-11 11:53:43

U.S. equities surged for a fifth consecutive session, driven by a rotation into small-cap stocks. The Russell 2000 index hit its highest level since 2021 on optimism surrounding President-elect Donald Trump’s pro-business agenda. The Dow Jones and S&P 500 both saw gains, with Bitcoin crossing $84,000 on expectations of favorable crypto policies.

Corporate earnings for S&P 500 companies exceeded expectations, with Q3 profits up 8.4%. Analysts project a 13% profit increase next year, the strongest since 2021. Rising Treasury yields near 5% could pose challenges for risk assets, with Fed rate cuts and Trump’s policies crucial for sustaining the market rally.

The recent surge in U.S. stocks reflects optimism about a growth-focused Trump administration. Small-cap stocks, like the Russell 2000, are thriving as investors anticipate fiscal stimulus. Bitcoin’s rise also signals confidence in regulatory shifts. As earnings beat forecasts and economic data looms, investors remain optimistic yet cautious amid rising Treasury yields and policy uncertainties.



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