Stocks Gain in Post-Election Rally, Bitcoin's Development Company Soars

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Finance Nouvelles

Stock Market,Post-Election Rally,Bitcoin

Stocks saw gains over the week and month following Donald Trump's victory, with the Dow and key indices performing well. Bitcoin's development company saw significant stock gains, while gold and silver faced their worst months.

Stocks saw gains over the week and month as traders focused on the post-election rally following Donald Trump's victory. The Dow added 1% for the week, making November its best month since 2023, with gains exceeding 7%. The S&P 500 and Nasdaq Composite advanced 0.5% and 0.4%, respectively, with both set to finish the month higher. The Russell 2000 surged about 10.5% since November began. Trading was light on Friday as markets observed Thanksgiving with early closures.

Bitcoin's development company stock saw a 5% jump, extending a 10% gain from the previous session. In contrast, gold and silver experienced their worst months since September and December 2023, respectively. U.S. semiconductor equipment makers saw gains amid the Biden administration's consideration of new measures against China

 

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