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Stocks added to records on Wednesday as traders took in strong earnings and looked ahead to more Fedspeak. Salesforce, Marvell Technology, and Dollar Tree rose higher after beating earnings estimates.
The US stock market boom has boosted the wealth of the world's billionaires to $14 trillion. In commodities, bonds, and crypto: West Texas Intermediate crude oil dropped 1% to $67.62 a barrel.
Here's what else happened today: 'Don't buy the tech dip' as the market gets more volatile , BofA says. 5 markets hit hardest by housing shrinkflation , according to Realtor.com .
The big market story today is the return of Donald Trump. After being sworn in yesterday, Trump signed a flurry of executive orders whose impacts are rippling through the market.
The market's blistering postelection rally has some ringing alarms for 2025. In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 1.25% to $69.45 a barrel.
Indexes rose Thursday as investors cheered in a surprise increase in retail sales and lower jobless claims. Retail sales jumped 1% in July, surpassing analyst expectations of 0.3%.
The 30-stock index outpaced its peers in November with a 7.5% surge, capped off by a 0.4% jump Friday that took it close to 44,910 points. For the year, it's up by a more modest 19.2%.
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