Asia And Europe Markets Cool Off, Dollar Strengthens To 4-month High - Global Markets Today While US Slept

On Monday, November 11th, U.S. markets closed higher, driven by stocks poised to benefit from Trump’s potential fiscal policies. Tesla surged, reaching a $1.1 trillion valuation, while crypto stocks rallied as Bitcoin hit a record $87,000. Traders are watching inflation data and potential Fed rate cuts closely.

Stocks approach year-end on strong gains, with the S&P 500 up 26% YTD, boosted by AI optimism and Fed rate cuts. Traders await U.S. inflation data and Fed speakers, including Chair Powell, for insights on economic health and rate outlook.

Most S&P 500 sectors rose, led by consumer discretionary, financials, and industrials, while tech and real estate stocks declined.

The Dow Jones Industrial Average was up 0.69% and closed at 44,293.13, ...