U.S. Stocks Post Strongest Week in Year

U.S. stocks are on track to close their best week in a year, with the S&P 500 up approximately 0.3% on Friday, following a rally triggered by Donald Trump's presidential election victory and a Federal Reserve interest rate cut. The S&P 500 has gained 4.6% over the week, while the Dow Jones Industrial Average rose by 230 points. Notable market movers include Axon Enterprise, which surged 21.5% after exceeding profit expectations, and Tesla, which saw its market value surpass $1 trillion. Conversely, Airbnb and Pinterest faced declines after disappointing earnings reports. Consumer sentiment has reportedly improved, easing inflation expectations, contributing to the market's positive momentum. Treasury yields remain elevated, reflecting concerns over potential inflation linked to Trump's policies and the Fed's future rate decisions.