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Salesforce (CRM. N) rose 11 percent, its biggest one-day gain since March 2023.
Gold prices suffered their biggest weekly drop in more than three years this week, as Trump's victory in the US election and the strengthening of the US dollar led to a reversal of the gold price's historic rally. Analysts said that part of the decline in gold was due to speculative funds that moved into the next trend after the gold price rallied sharply. Nicky Shiels, head of research at MKS Pamp Group, said, "There is a huge influx of money into bitcoin and Tesla, which is a Trump trade, whic...
Last week, the world's largest gold ETF, the SPDR Gold Trust, saw outflows of more than $1 billion, the largest weekly outflow since July 2022, as Trump's victory prompted traders to take profits. Spot gold fell 1.9% over the same period. Total gold ETF holdings fell 0.4%, the second consecutive weekly decline. Investors flocked to safe-haven assets last month due to high uncertainty about the US election, but with Trump's victory in key battleground states and Republican control of the Senate, ...
Supermicro Computers (SMCI. O) fell 38% in a single month, its largest monthly decline on record.
The Russell 2000 index rose 3.4%, its largest one-day gain since July 16.
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