AllPennyStocks.com Indexes Climb to Records, to Cap Post-Election Rally
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Indexes Climb to Records, to Cap Post-Election Rally

November 08,2024 04:32 pm EST

Indexes Climb to Records, to Cap Post-Election Rally

The stock market climbed to new records on Friday, as the Dow and S&P 500 headed for their best week in a year after Donald Trump's election win.

The Dow Jones Industrials zoomed 259.65 points to 43,988.99.

The S&P 500 index gained 22.44 points to 5,995.54.

The NASDAQ climbed out of minus territory, taking on 17.32 points to close the week at 19,286.78.

All three of the major averages are on pace for strong weekly gains, thanks in large part to Wednesday's huge rally following Trump's victory. The S&P 500 is up about 4.7% for the week, as the Dow was higher by 4.7%. Both indexes are on track for their best week since November 2023.

Law enforcement tech stock Axon Enterprises jumped 12% after the company raised its full-year revenue guidance. Trump Media jumped 9% after the president-elect said he had no plans to sell his shares in the social media company.

Prices for the 10-year Treasury nicked ahead, lowering yields to 4.30% from Thursday's 4.33%. Treasury prices and yields move in opposite directions.

Oil prices stumbled $1.82 to $70.44 U.S. a barrel.

Prices for gold waned $11.80 an ounce to $2,694.20 U.S.

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