November 8, 2024 – 7:37 AM PST
(Reuters) – The S&P 500 and the Dow edged higher on Friday, putting them on course for their best week this year, as a sweeping Trump victory powered bets of a business-friendly agenda and an expected interest-rate cut eased pressure on the U.S. economy.
Advertisement
Expectations of lower corporate taxes and looser regulations under Republican Donald Trump helped the S&P 500 .SPX and Dow .DJI notch intraday record highs for the third straight session.
The benchmark index crept close to the 6,000 mark as the upbeat market sentiment got a further boost from the Federal Reservecutting the benchmark rate…
