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Forbes
103 days

Stocks Rip To 6-Week High And Bitcoin Prices Top $100,000 As Trump Stokes Rally

1. Trump urges investors to buy stocks, boosting market confidence. 2. S&P 500 reaches its highest price since March 27. 3. All major U.S. stock indices surged, indicating risk appetite. 4. The 'magnificent seven' tech stocks led the market rally. 5. Federal Reserve maintains interest rates, impacting market outlook.

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FAQ

Why Bullish?

Investors responding positively to Trump's comments suggests market optimism, much like previous bullish rallies spurred by presidential support.

How important is it?

The optimistic market sentiment following Trump's encouragement is expected to positively impact the S&P 500 in the near term.

Why Short Term?

Immediate market reactions stem from recent comments, but sustainability depends on economic factors and trading policies.

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