Why markets are loving Trump


THE QUOTE: "But some analysts urged caution on such optimism, while noting that USA markets" being closed later in the day for Veterans' Day may help ease some of the market swings.

Utilities also suffered, falling 2.5 percent in the S&P 500, as investors pulled back from bonds and their stock-market proxies.

Investors are also considering what a Trump presidency means for Federal Reserve policy and the trajectory of interest rates. Natural gas lost 6 cents, or 2.2 percent, to $2.63 per 1,000 cubic feet.

Sliding tech shares weighed on the Nasdaq Composite Index (NYSEARCA:QQQ), which fell 0.8% to 5,208.80.

In the United States, stocks fluctuated in whipsaw trading with the Dow Jones Industrial Average spinning near a record, as investors speculate how Mr Trump's policies will impact the economy and interest rates. While banks and health-care tended to experience a surge in anticipation of decreased regulation, and industrial companies saw gains thanks to talks of infrastructure spending, tech stocks have dropped significantly.

The Dow, which contains just 30 stocks, gained 147 points, or 0.8 percent, to 18,73.

The S&P 500 index was off 7 points, or 0.4%, to 2,159, with eight of the 11 main sectors trading lower.

The dollar rose against most major peers, while government bonds extended their selloff as Trump's win bolstered bets on faster inflation.

The gains in US -based manufacturing and defense companies - €”on expectations of greater government spending under president-elect Donald Trump - €”came at the expense of real-estate firms and utilities, which slid alongside government bond prices.

Argentina avoid crisis talk but slump worries players and coach
Neymar doubled the lead in first-half stoppage time , with Paulinho putting up the third and final goal in the second half. Second-placed Uruguay beat Ecuador 2-1, Peru beat Paraguay 4-1 and Colombia played out a goalless draw with Chile.

Croydon Tram Crash Victims: Grandfather Phil Seary Is Second Fatality Named
Philip is the second Crystal Palace fan to be named among those killed after Dane Chinnery, 19, was identified on Tuesday. The driver of the train that derailed, a 42-year-old man from Beckenham, was arrested on suspicion of manslaughter.

Anti-Trump protesters take to streets for second night
KOIN-TV reports ( https://goo.gl/dTyISC ) one protester was arrested Wednesday for throwing a Molotov cocktail into a bonfire. Police declared a riot, said there were people with baseball bats in the crowd and told marchers via loudspeaker to move on.

The Dow Jones Industrial Average rallied to a record close on Thursday as investors continued to revise their strategies and reposition portfolios in response to Donald Trump's unexpected presidential election victory.

The Dow climbed 190 points, or 1 percent, to 18,780 as of 1:23 p.m.

Stocks are closing mostly higher on Wall Street as a post-election rally loses steam. AT&T lost 87 cents, or 2.3 percent, to $36.57, while Verizon slid $1.17, or 2.4 percent, to $46.69.

ENERGY: Benchmark U.S. crude was down 50 cents, or 1.1 percent, at $44.77 a barrel in NY.

The CBOE Volatility Index rose 3.7 percent on Thursday. Brent crude, used to price global oils, lost 23 cents to $45.61 a barrel in London.

The U.S. currency rose to 106.83 yen from 105.84 yen on Wednesday, while the euro slid to $1.0890 from $1.0930.

European shares opened strongly, with France's CAC 40 jumping 1.2 percent to 4,596.34 and Germany's DAX leaping 1.2 percent to 10,776.93. The Mexican peso continued to weaken against the dollar.

Craig Erlam, senior market analyst at OANDA, said: "Trump's speech following the victory was hugely influential in yesterday's sudden U-turn, as he focused more on unity and the need to spend to get the economy growing again".

South Africa's Gold Fields Ltd and Silver Standard Resources Inc have made three joint, unsolicited bids for Canada's Kirkland Lake Gold and recently sweetened their offer to about $1.4 billion, three sources familiar with the process said.