Week of November 10: Market Snapshot
Last week, the equity markets experienced significant gains, with the S&P 500 posting its largest weekly gain of the year. This surge was largely driven by positive reactions to the U.S. election results, which were seen as favorable for corporate earnings.
The Federal Reserve's decision to cut interest rates by 25 basis points also played a role, although the Fed maintained a cautious stance on inflation. Bond yields saw notable fluctuations, initially spiking mid-week before settling down.