Jan 04, (V7N) -  Wall Street ended its recent losing streak on Friday, posting significant gains as investors focused on the policies expected under Donald Trump's incoming administration.

Market Highlights

Dow Jones Industrial Average: Rose 0.8% to 42,732.13

S&P 500 Index: Increased 1.3% to 5,942.47

Nasdaq Composite Index: Surged 1.8% to 19,621.68

Driving Factors

Optimism Around Trump’s Policies:

Investors are optimistic about the pro-business policies expected from Trump’s administration, which takes office on January 20.

Microsoft’s $80 Billion Investment in AI:

Microsoft announced plans to invest $80 billion in fiscal year 2025 for AI-enabled data centers and expanding cloud-based applications, boosting tech stocks.

Manufacturing Sector Improvement:

Data from the Institute for Supply Management indicated an improvement in US manufacturing, further encouraging positive market sentiment.

Corporate Developments

Microsoft: The tech giant’s substantial AI investment contributed to gains in the technology sector.

US Steel: Shares fell 6.5% after President Joe Biden blocked its proposed acquisition by Nippon Steel, citing national security concerns.

Overall, Wall Street saw a strong rally as markets anticipate a business-friendly environment under Trump’s leadership, along with support from tech advancements and a recovering manufacturing sector.

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