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The world's largest stock market is heading for its best start to a presidential term since Ronald Reagan was elected in 1985. Equities hovered near all-time highs on Friday, with the S&P 500 climbing about 2% this week. The S&P 500 was little changed, Nasdaq 100 fell 0.2%, Dow Jones Industrial Average slid 0.1%. The US economy doesn't get in big trouble until profits fade. With US animal spirits around investment rising, productivity gains are plausible (though not guaranteed).
Published on: January 24, 2025, 06:04 PM UTC