According to monitoring, the three major US stock indices collectively closed higher last Friday, with the Dow Jones rising nearly 1%, setting a new historical high. The S&P 500 index rose by 0.35%, increasing for five consecutive trading days, and the Nasdaq rose by 0.16%. Looking at the performance over the week, the Dow Jones accumulated a rise of 2%, while both S&P 500 and Nasdaq increased by 1.7%. As "Trump Cabinet 2.0" gradually takes shape, there is generally positive market sentiment towards Trump's tax cuts and deregulation policies being implemented.
Cryptocurrencies showed an upward trend last week; market sentiment index remained in greed stage indicating investors' optimistic expectations about future price trends. Altcoins generally followed market trends with significant increases; however, interest in Meme projects decreased last week.
In terms of foreign exchange commodities, last week saw near-1% increase in dollar index reaching above level of108 and touching its two-year high point. A bleak economic outlook for Eurozone has lowered oil demand expectations but oil prices still managed to accumulate around a rise of approximately6% - best in two months time period . Gold prices continued to rise throughout all five days of previous week , accumulating an increase of5 .7 % which is highest single-week gain seen in almost two years .
After Trump won presidential election , Federal Reserve's stance on rate cuts has become increasingly cautious . Minutes from Fed's November meeting as well as PCE Price Index (Fed’s preferred inflation indicator) will be released this Tuesday and Wednesday respectively which may cause fluctuations within markets . Currently , investors are predicting slightly more than50 % chance that Fed will cut rates again this December.