13. Weekly Market Recap: Key Movements & Insights

🌟 Market Milestones Achieved: Election Clarity Sets Stage for Record-Breaking Gains

S&P 500 Reaches New Heights Amid Economic Optimism

In a week characterized by significant market movements and pivotal news events, the S&P 500 soared to new all-time highs. The index closed the week up 4.8%, marking its strongest performance since October 2023 and breaking a two-week losing streak. This surge was fueled by the resolution of the presidential election and a fresh quarter-point interest-rate cut from the Federal Reserve, providing the necessary momentum for stocks to climb.

Consumer durables, distribution services, and industrial services led the rally, while consumer non-durables, utilities, and health technology sectors lagged. The crypto market mirrored the stock market's enthusiasm, with Bitcoin reaching a new all-time high. Investors are optimistic about the incoming presidential administration's potential crypto-friendly policies.

Elsewhere, gold experienced a slight decline as it continued to consolidate after reaching a new all-time high the previous week. Oil pric…