Stocks set for strong weekly gain, US yields slip as markets eye Trump policies

NEW YORK, Nov 22 - Global stocks were set for a strong weekly gain on Friday while U.S. yields slipped as markets eyed the future policies of President-electDonald Trumpand its impact on the U.S. economy, even as bitcoin traded near the $100,000 threshold.

Nvidia , the world's most valuable company, was down 2.5% after the artificial intelligence chipmaker reported strong quarterly results but issued lacklustre sales forecasts. "The earnings of Nvidia were really solid and the market traded off a little bit but I don't think it was a major event that it could have been," said Mark Malek, chief investment officer at SiebertNXT in New York."So we put that behind us and when we look at what else might be driving the market this week ... People are starting to think about what has happened to the market since Trump was elected and some of the appointments he's been making.

The euro fell to a two-year low while the dollar gained after gauges of business activity were released in each region. The dollar index , which measures the greenback against a basket of currencies, rose 0.57% to 107.67, with the euro down 0.73% at $1.0397 after falling to $1.0333, its lowest since Nov. 30, 2022.

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