Market Brief 6 November, 2024

Good evening, investors and traders! Today, the markets experienced a surge, fueled by the US presidential election results. The S&P 500 Index (GSPC) closed at 5,926.5, up by 2.46%, while the Nasdaq 100 Index (NDX) finished at 20,788.0, up by 2.71%. The crypto market also saw significant gains, with Bitcoin hitting a new all-time high of $75,000. The election results have sparked optimism for the crypto industry, with many analysts predicting a positive regulatory environment under a Trump presidency. The Republican Party's control of both the House and Senate suggests a more pro-crypto Congress, which could lead to clearer regulations and increased innovation in the US crypto market.