Stocks ride to best month in a year as ‘Red Sweep’ unleashes ‘animal spirits’
By almost any measure, November has been a blockbuster month for U.S. stocks.
By almost any measure, November has been a blockbuster month for U.S. stocks.
(Bloomberg) -- French Prime Minister Michel Barnier won a minor reprieve in his battle to pass a budget and remain in power as S&P Global Ratings reiterated its assessment of the country’s debt.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingIn a statement late Friday, S&P said the euro area’s second-biggest economy remains resilient despite political uncertainty. It cited the impact of labor market reforms u
(Bloomberg) -- A Japan-inspired strategy of seeking to boost shareholder returns, corporate governance and market valuations is spreading like a wildfire across Asia.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingFrom Seoul to New Delhi, governments and regulators are hurrying to implement their own versions of Japan’s decade-long program of structural reforms that helped drive its benchmark index to a recor
History suggests the small-cap rally since Trump's victory will fade in the coming year, Capital Economics said.
Private markets are finding quick fixes to avoid debt defaults, but those carry risks that could destabilize the whole system, Rosenberg Research says.
(Bloomberg) -- US stocks ended a shortened trading session higher while Treasury yields declined across the curve. Speculation that President-elect Donald Trump will temper his most extreme trade policies drove the dollar down.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingThe S&P 500 climbed more than 1% for a second straight week. On Friday, it rose 0.6%, notching fresh record highs. The 10-year Treasury y
NEW YORK/LONDON (Reuters) -Global stock markets rallied on Friday, with Wall Street crowning November with its biggest monthly gain in a year on post-election growth hopes, while the dollar eased amid prospects for firmer rates in Japan and easing in Europe. U.S. trading was thin the day after Thanksgiving. Donald Trump's Nov. 5 election victory and pledges of tax cuts, deregulation and import tariffs have supercharged investors' expectations for U.S. and Wall Street stocks to keep outperforming other regions.
Stocks posted solid gains as Wall Street put the finishing touches on one of its best months of the year. The S&P 500 rose 0.6% while the Dow Jones Industrial Average gained 0.4%. Friday was an abbreviated trading day, with stocks closing at 1 p.m. ET and the bond market an hour later.
The EV maker’s stock gained 3.7% on Friday, leaving the shares ahead nearly 40% for the year and giving it a market value of around $1.07 trillion.
Stocks finished off a winning month of November at record highs to cap a holiday-shortened trading session.