The stock market reaction Wednesday to Republican Donald Trump's victory over Democrat Kamala Harris was swift and powerful, sending the Dow, the S&P 500 and the Nasdaq to all-time highs. The Fed rate cut the next day was icing on the cake for market bulls,

Short-term U.S. interest rates are likely to be lower on Inauguration Day in 2025 than they are on Election Day, and that means the U.S. Federal Reserve almost certainly will continue to cut the benchmark federal funds rate — not just this week but at its December meeting as well.

NVDA has recorded two straight down days since its inclusion in that iconic index, though it remains within 2.5% of its November 7 all-time closing high of $148.88. And Wall Street remains bullish on the stock ahead of its November 20 fiscal third-quarter earnings release.