A sense of déjà vu overwhelmed Wall Street this week, as Donald Trump’s election win gave the stock market a jolt similar to what happened after his victory eight years ago. Small caps soared, banks leaped and the S&P 500 Index had its best Election Day in history and strongest week in 12 months.

World shares are mostly lower after the Federal Reserve cut interest rates again to ease pressure on the U.S. economy.

Stocks hit all-time highs following early-morning news that former President Donald Trump is once again President-elect Donald Trump. US yields jumped and the dollar saw its best day since 2022 as investors cheered the Republican’s return to the presidency and the potential for what increasingly looks like his party’s control of both houses of Congress.

U.S. stocks drifted lower Monday ahead of a momentous week full of potential flashpoints in Washington, D.C., and around the world. The S&P 500 slipped 0.3%, though it remains near its record set last month.

All year, a slew of Wall Street pros have questioned the durability of an indiscriminate risk rally that has fattened stock prices by trillions of dollars, sent Bitcoin soaring, fueled a credit bonanza,

U.S. stocks are ticking higher ahead of the Federal Reserve’s announcement coming later in the afternoon about what it will do with interest rates.