US stocks surged on Friday, buoyed by Donald Trump’s presidential election victory, with major indices posting solid weekly gains of 4 to 6 percent.
The Dow Jones Industrial Average rose 259.65 points (0.59%) to finish at 43,988.99, marking a weekly gain of 4.61%.
The S&P 500 gained 22.44 points (0.38%) to close at 5,995.54, with a 4.66% increase over the week.
The Nasdaq climbed 17.32 points (0.09%) to end at 19,286.78, for a weekly gain of 5.74%.
The VIX volatility index, often referred to as the “fear gauge,” dropped by 1.71%, signaling reduced market uncertainty.
The US Dollar strengthened, rising 0.44% to 104.8, while the EUR/USD exchange rate fell 0.8%.
In contrast, precious metals and oil saw declines. Gold dropped 0.82% to USD 2,683.30 per ounce, silver fell 2.32% to USD 31.29, and Brent crude oil prices dipped 2.08% to USD 73.80. (Anadulo/Sourced online)
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