The S&P 500 surpassed 6,000 points on Friday, setting a new record following positive investor reaction to Donald Trump's election victory. This rally coincided with a decrease in Treasury yields, indicating a strong interest in U.S. equities despite global economic concerns.

After the Federal Reserve's expected quarter-point rate cut, market focus shifted to the implications of the recent U.S. presidential election and developments in China. The offshore yuan experienced a decline, and U.S.-listed Chinese companies, as well as sectors exposed to China in Europe, faced downward pressure due to disappointing news about China's fiscal support measures, which did not provide direct stimulus to its struggling economy. Nevertheless, Wall Street remained optimistic, with investors continuing to purchase U.S. stocks, demonstrating confidence in the resilience of the domestic market amid international uncertainties.