Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Australian Household Spending Dips in December as RBA Tightens Policy 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations 
Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Wall Street Hits Record Highs Amid Trump’s Victory and Anticipated Fed Rate Cut
U.S. stock index futures steadied Wednesday night as Wall Street reached new highs, celebrating Donald Trump's victory in the 2024 presidential election. With the election results sparking optimism, investors now await the Federal Reserve’s upcoming interest rate decision.
Trump's Victory Boosts Wall Street
Wall Street indexes surged after major networks projected Trump’s win over Kamala Harris. The Republican majority in both the Senate and House strengthens Trump’s path to enacting major policy changes, including potential corporate tax cuts. This “red sweep” energized investors, pushing the S&P 500 up 2.5% to a record 5,929.04 points, the Nasdaq Composite 2.9% to 18,978.65 points, and the Dow Jones 3.6% to 43,729.93 points—its best day since 2022.
Key Market Drivers
Investor sentiment was further lifted by stronger-than-expected PMI data and positive earnings from semiconductor giants like Qualcomm and GlobalFoundries. Qualcomm shares jumped nearly 7% in after-hours trading, while GlobalFoundries gained on reports of potential government support through the CHIPS Act.
Fed Rate Decision Looms
Attention now shifts to the Federal Reserve's Thursday meeting, where a 25-basis-point rate cut is widely expected. However, the central bank’s outlook on future rate policy remains unclear, especially as Trump’s protectionist economic stance may fuel inflation. The Fed’s stance on long-term interest rates will be crucial in shaping investor expectations.
