---
title: "The \"Trump Trade\" combined with the Federal Reserve's interest rate cuts led to the S&P 500 achieving its best weekly performance in a year, while the dollar index rose for six consecutive weeks | Overseas Major Asset Weekly Report"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/219261301.md"
description: "The deregulation, increased mergers and acquisitions, and tax reduction policies of the Trump administration are believed to promote economic growth and risk assets. U.S. stocks performed strongly against the backdrop of the Federal Reserve's interest rate cuts, with the S&P 500 reaching its 50th new high of the year, and the U.S. dollar index rising for six consecutive weeks. Despite concerns over tariff plans leading to declines in European stock markets, the commodity market was also affected, with gold experiencing its largest weekly drop in over five months"
datetime: "2024-11-10T09:02:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/219261301.md)
  - [en](https://longbridge.com/en/news/219261301.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/219261301.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/219261301.md) | [English](https://longbridge.com/en/news/219261301.md)


# The "Trump Trade" combined with the Federal Reserve's interest rate cuts led to the S&P 500 achieving its best weekly performance in a year, while the dollar index rose for six consecutive weeks | Overseas Major Asset Weekly Report

The "Trump Trade" combined with the Federal Reserve's interest rate cuts led to the Dow Jones and S&P 500 achieving their best weekly performance in a year. U.S. Treasury yields fell back, and the U.S. dollar index rose for six consecutive weeks.

U.S. stocks surged, with the Dow Jones breaking through 44,000 points for the first time, and the S&P 500 briefly rising above 6,000 points, marking the 50th new high of the year. Most major sectors rose, driven by Trump's policy inclination to relax regulations, with regional banks and oil and gas sectors leading the gains, while solar and other renewable energy sectors lagged.

European stock markets closed lower this week, with concerns over Trump's implementation of tariff plans. The pan-European index fell for three consecutive weeks for the first time in over six months, and the Eurozone blue-chip index fell for four consecutive weeks, marking the longest losing streak in a year.

The yield on the 10-year U.S. Treasury bond slightly retreated, as traders closed out the "Trump Trade." A strong 10-year Treasury auction, combined with the Federal Reserve's interest rate cuts, caused the yield to give back previous gains, dropping 8 basis points this week.

The "Trump Trade" ignited the dollar, with the U.S. dollar index DXY rising over 0.6% this week, marking six consecutive weeks of gains, the longest streak since the end of June.

In commodities, although Trump's election victory strengthened the dollar on Wednesday, oil prices rose weekly due to OPEC+ announcing a one-month delay in production increases and a brief weakening of the dollar.

This week, gold, silver, and copper all fell, with London industrial metals broadly declining. The "Trump Trade" strengthened the dollar, and the Federal Reserve's indication of an open attitude towards pausing interest rate cuts led to a significant reduction in rate cut expectations, causing spot gold to drop 1.85% for the week, marking the largest weekly decline in over five months

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