The United States (US) stock market performed impressively after Donald Trump's victory in the 2024 election.
On Wednesday, the major stock indexes soared with the Dow up 3.57%, the S&P 500 by 2.53%, and the Nasdaq by 2.95%. Smaller companies, tracked by the Russell 2000, saw an even bigger jump of more than 5%.
The increase comes from investor excitement about potential pro-business policies, which could boost the economy and company profits.
Investors believe the Trump administration may focus on lower taxes, fewer business regulations and trade tariffs to favor US businesses.
The financial, energy and industrial sectors, which are expected to benefit the most from this policy, saw significant gains.
Major technology stocks also rose, although renewable energy (RE) stocks and some Chinese companies did not perform well.
Now, investors turn their attention to the Federal Reserve's (Fed) decision on the latest interest rates early Friday morning.
The Fed is expected to continue its further policy easing, but with a smaller cut of 25 basis points for the November meeting.
This choice can affect the market, as changes in interest rates often affect the cost of borrowing and overall economic growth.
