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   From: nospam@ix.netcom.com   
      
   NEW YORK, Nov 8 (Reuters) - The S&P 500 briefly surpassed the 6,000 mark   
   and closed with its biggest weekly percentage gain in a year, as Donald   
   Trump's election victory and a possible Republican Party sweep in Congress   
   fueled expectations for favorable business policies.   
      
   Also supporting stocks this week was a widely expected interest rate cut   
   of 25 basis points by the Federal Reserve on Thursday.   
      
   The S&P 500 and the Dow Industrials (.DJI), opens new tab registered their   
   best weekly percentage jump since early November 2023, while the Nasdaq   
   (.IXIC), opens new tab notched its best week in two months and second-best   
   week of 2024.   
      
   Investors were also monitoring for a likely "Red Sweep" as Republicans   
   were set to keep their narrow lead in the House of Representatives after   
   winning control of the Senate. That would make it easier for Trump to   
   enact his legislative plans.   
      
   Expectations for lower corporate taxes and deregulation lifted the Nasdaq   
   to record closing highs for three straight sessions. The S&P secured its   
   50th record close of the year.   
      
   "It is a psychologically important number but with all the developments   
   this week, I don't think it's terribly important if we close at 6,005 or   
   if we close at 5,995. The market is way up this week," said Mike Dickson,   
   head of research and quantitative strategies at Horizon Investments in   
   Charlotte, North Carolina.   
      
   "There's been so many things, so much good news for the market this week   
   as evidenced by the prices. All of that far outweighs whether or not we're   
   on the right or left hand side of that 6,000 number when the close   
   happens."   
      
   The Dow Jones Industrial Average (.DJI), opens new tab rose 259.65 points,   
   or 0.59%, to 43,988.99, the S&P 500 (.SPX), opens new tab gained 22.44   
   points, or 0.38%, to 5,995.54 and the Nasdaq Composite (.IXIC), opens new   
   tab gained 17.32 points, or 0.09%, to 19,286.78.   
      
   For the week, the S&P 500 gained 4.66%, the Nasdaq rose 5.74%, and the Dow   
   climbed 4.61%.   
      
   The Dow rose above 44,000 for the first time, in part due to a late boost   
   from Salesforce (CRM.N), opens new tab, which climbed 3.59% after   
   Bloomberg reported the software company will hire 1,000 employees to   
   promote its artificial intelligence Agentforce Tool.   
      
   The S&P 500 and Nasdaq secured their fourth straight session of gains.   
      
   https://www.reuters.com/markets/us/sp-500-futures-cross-6000-mark-   
   equities-ride-higher-trumps-victory-2024-11-08/   
      
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