Stock Market Surge After Trump’s 2024 Election Victory, But Uncertainty Looms The stock market soared following Donald Trump’s victory in the 2024 U.S. presidential election. Investors cheered the result, pushing major indices to record highs. The Dow Jones Industrial Average climbed 4.6% during election week, the S&P 500 gained 4.7%,...
Fed Chair Powell: Economic Strength Lets Fed Take Cautious Approach on Rate Cuts Federal Reserve Chair Jerome Powell said Thursday that the strong U.S. economy allows the central bank to proceed cautiously in any potential interest rate cuts. Speaking to business leaders in Dallas, Powell noted, “The economy is not...
Investors are increasingly focused on the future of inflation, even as today’s consumer price index (CPI) report met expectations and didn’t cause major market jitters. The CPI release garnered attention, particularly as investors weigh the potential inflationary impact of policies anticipated under Donald Trump’s bid for a second term. “While...
Though stocks have recently enjoyed a strong run, Deutsche Bank strategists have highlighted that stock-market returns over the past 25 years haven’t been as impressive as they might seem. Their recent report notes that, since 2000, global markets have navigated rising debt levels, slower demographic growth, and a slowdown in...
Tony Roth, Chief Investment Officer at Wilmington Trust, projects that the S&P 500 could climb into the mid-6,000s over the next two months, as recent market optimism shows no signs of slowing. On Monday, the S&P 500 closed above 6,000, while the Dow Jones Industrial Average topped 44,000 for the...
This year’s strong gains in the Dow Jones suggested an advantage for the Democrats and Kamala Harris in the presidential election, but it underscored an important reality: Wall Street and Main Street are drifting further apart. Historically, the stock market has been viewed as a bellwether for election outcomes, but...
