Stock markets hit new highs after Federal Reserve update, despite tariff threats from Trump

From Nasdaq: 2024-11-26 16:25:33

Despite new tariff threats from President-elect Donald Trump, Wall Street continued its winning streak with all major benchmarks posting solid gains. The Dow hit a new all-time high and the S&P 500 reached a fresh high, buoyed by the Federal Reserve’s indication of gradual interest rate hikes in the future.

A Senate panel report revealed that major U.S. airliners generated over $12 billion in seating fees between 2018 and 2023. Exchange-traded funds investing in Canadian, Mexican, and Chinese stocks dropped following Trump’s tariff plans. Retail stocks reacted differently to earnings, with Kohl’s stock experiencing a significant decline.

Oil prices rose as Israel and Hezbollah neared a ceasefire, with WTI crude settling at $69.50 per barrel. Geopolitical tensions limited gold’s gains, with December delivery trading near $2,621.30 an ounce.



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