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The US stock market boom has boosted the wealth of the world's billionaires to $14 trillion, UBS says. In commodities, bonds, and crypto: West Texas Intermediate crude inched lower to $68.46 a barrel.
Stock market today: Stocks extend post-election rally as the Fed cuts interest rates ... Here's where US indexes stood at the 4:00 p.m. closing bell on Thursday: S&P 500: 5,973.10, up 0.74% ...
Indexes edged slightly higher as traders took a breather after the huge post-election rally. The Fed will deliver its next rate decision at 2 p.m.
The election results helped deliver the stock market's best monthly gain of the year, with the Dow Jones and S&P 500 rising 7.5% and 5.7%, respectively in November.
The stock price of the company, which helps businesses manage their customers, jumped 11%. Marvell Technology leaped even more after delivering better results than expected, up 23.2%.
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Presidential elections were held in the United States on November 5, 2024. [3] The Republican Party's ticket—Donald Trump, who was the 45th president of the United States from 2017 to 2021, and JD Vance, the junior U.S. senator from Ohio—defeated the Democratic Party's ticket—Kamala Harris, the incumbent vice president, and Tim Walz, the governor of Minnesota.
HP sank 11.4% after giving investors a weaker-than-expected earnings forecast for its current quarter. Dell slid 12.2% after its latest quarterly revenue fell short of Wall Street forecasts.