US stocks soared to record highs following Donald Trump's election victory and a Federal Reserve interest rate cut, with the Nasdaq 100 rising 5.41% and the S&P 500 climbing 4.66%. The market anticipates a Republican 'red sweep' to facilitate Trump's trade and tax policies, while China's modest stimulus measures aim to counteract potential tariffs. Key economic indicators, including the October CPI report, are set for release this week, with expectations of a slight rise in headline inflation.
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