U.S. stocks closed their best week of the year on Friday, with the S&P 500 briefly nearing 6,000, driven by Donald Trump’s election win and a recent Federal Reserve rate cut. The Dow rose 259.65 points, the S&P 500 gained 22.44 points, and the Nasdaq went up 17.32 points. Utilities and real estate sectors led gains, while materials and communication services declined. Nvidia joined the Dow, replacing Intel, while Sherwin-Williams replaced Dow Inc. Chinese stocks in the U.S. fell, with the iShares MSCI China ETF dropping over 5%. Investors now look ahead to economic data next week.
Source : CN
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