U.S. stocks surged on Monday, with major indices reaching new milestones amid optimism surrounding President-elect Donald Trump’s nomination of Scott Bessent as Treasury Secretary.
The Dow Jones Industrial Average advanced on Friday, continuing the positive trend across U.S. stock indexes.
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U.S. stocks ended higher on Thursday as investors shifted focus to cyclical stocks tied to the economy, rotating away from technology shares.
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The S&P 500 closed flat as investors awaited Nvidia's earnings, with its shares down 1% ahead of the report.
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The Nasdaq Composite climbed 1.04% on Tuesday to close at 18,987.47, driven by strong gains in technology stocks, particularly Nvidia, which surged nearly 5% ahead of its upcoming earnings report.
The Nasdaq Composite gained 0.6% on Monday, closing at 18,791.81, as Wall Street recovered from a challenging week.
Stocks declined sharply on Friday as postelection optimism faded and concerns about Federal Reserve policy and inflation dampened sentiment.