On Friday, US stocks remained strong after the Federal Reserve (Fed) made a significant move by lowering interest rates by 0.25%.
This decision was taken to support the labor market and reduce the impact of falling inflation, a move expected by many investors.
A day earlier, during regular trading, the S&P 500 and the Nasdaq Composite saw significant gains of 0.74% and 1.51%, respectively, while the Dow Jones ended mostly unchanged.
This sent all three major stock indexes hitting new record highs, reflecting the continued post-election rally.
The rally began with the victory of president Donald Trump to return to the White House, which increased confidence among investors.
They expect the new administration to implement policies such as tax cuts and less regulation, which they believe can boost the economy.
However, there are still concerns about issues such as tariffs and the growing national deficit.
Popular tech stocks, such as Tesla, Nvidia, Amazon, Apple and Meta, led the gains, with some posting gains of up to 3%.
Investors are hopeful yet cautious as they navigate these changes in global economic and trade policy.
