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S&P 500 Tops 6,000 For First Time Ever Following Trump Election Surge [Forbes]
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index as this week's post-election gains added to what was already a historic start to 2024 for equities. Traders work on the floor of the New York Stock Exchange on Thursday/. Getty Images Key Facts The S&P hit as high as 6,000.02 by early Friday afternoon. The day's 0.4% rally sent this week's rally to 4.7%, which would be the best gain since Nov. 2023, a rally sparked by the election of former President Donald Trump to a second term, as Wall Street prepares for a Republican-led federal government's corporate tax cuts and less hawkish regulatory environment. Driving the market capitalization-weighted S&P's rally Friday were electric vehicle maker Tesla , pharmaceutical giant Eli Lilly and retailer Costco, as shares of each company rose at least 4%. Big Number 25.8%. That's how much the S&P is up this year, excluding dividends, which would be the index's fifth-best year since the turn of the millennium. That's just above 2023's robust 24.2% gain and puts it within str
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- The High Stakes Of Labeling–Costco's Butter Recall Explained [Forbes][Forbes]
- What to know before buying gold, silver, or platinum from Costco [Yahoo! Finance][Yahoo! Finance]
- GEN Restaurant Group, Inc. Announces Third Quarter 2024 Financial Results [Yahoo! Finance][Yahoo! Finance]
- Why Are Texas Legislators Imperiling Banks With ‘Drill Baby, Drill'? [Forbes][Forbes]
- Here is why Costco recalled almost 80,000 pounds of butter [CBS News][CBS News]
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