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.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Premarket: Stocks push higher, U.S. dollar pauses as markets await Trump appointmentsNvidia earnings on Wednesday may set near-term tone for stocks
Source: globebusiness - 🏆 31. / 66 Read more »

US Stocks, Dollar Rally as Trump Nears Victory: Markets WrapAsian stocks were set for a higher open following election-day gains in the US, as traders hunkered down awaiting results in a presidential race pitting divergent visions of global trade and the economy. Gauges of expected volatility crept up amid hedging by investors before an outcome that remained too close for pollsters to call.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Harris vs Trump: Stocks to watch as White House race enters final stretchA list of stocks and sectors that could move on the election outcome
Source: globeandmail - 🏆 5. / 92 Read more »

U.S. small-cap stocks face delicate balance between Trump boost and inflation risksSome investors are wary of chasing the post-election rally
Source: globeandmail - 🏆 5. / 92 Read more »

Sell Stocks If a Trump Win Drives a Rally, Citi Strategists SayUS stocks may be rallying ahead of a potential victory for Donald Trump in next week’s US election, but for strategists at Citigroup Inc., a clean sweep for the Republican party will be a signal to sell.
Source: BNNBloomberg - 🏆 83. / 50 Read more »