Asia Mixed And Europe Up, Dollar Gains To 3-Month High - Global Markets Today While US Slept

On Friday, November 8, U.S. markets rallied, with the S&P 500 briefly surpassing the 6,000 mark and posting its most substantial weekly gain in a year. The surge was driven by Donald Trump’s election win, expectations of pro-business policies, and an anticipated Fed rate cut. Optimism over a potential Republican sweep in Congress boosted investor sentiment, pushing the Nasdaq to record highs and securing the S&P’s 50th record close of the year.

According to economic data, the University of Michigan’s consumer sentiment index increased to 73 in November, marking its highest level in seven months. This figure surpassed both October’s reading of 70.5 and market expectations of 71.

Most S&P 500 sectors gained, led by consumer staples, utilities, and real estate, while materials and communication services lagged.

The Dow Jones Industrial Average was up 0.59% and closed at 43,988.99, the S&P 500 rose 0.38% to 5,995.54, and the Nasdaq Composite gained ...