S&P 500 touches 6,000 pts 1st time on Trump euphoria

The S& zoomed past the 6,000 mark for the first time on Friday, building on a sharp rally after Donald Trump won a second term as US President. All three major indices surged to record highs on Nov 6 following the election results as analysts expect corporations to benefit from Trump's plans to cut taxes and reduce regulations. S& has rallied more than 25% this year. The index took just about nine months to add 1,000 points after hitting the 5,000 mark in early Feb. In contrast, it took nearly three years for the S& to climb from 4,000 in April 2021 to 5,000.


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