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Wall Street witnesses historic breakthroughs .. and the dollar takes off strongly

Gold declines and Bitcoin is confused

The Standard & Poor's 500 index recorded a record high during these moments of trading on Monday, with the start of December trading, as this comes after the huge gains witnessed by the markets in November.

The Standard & Poor's 500 index rose by 0.2%, recording a new record during today's trading, while the Nasdaq Composite Index added 1% to also reach a new record level during the day. As for the Dow Jones Industrial Average, it fell by 0.3% after briefly exceeding the 45,000 point level, a level it had touched several times in passing last week.

At the same time, global gold prices declined in conjunction with the rise in the US dollar index after President-elect "Donald Trump" warned the BRIC countries of imposing 100% customs duties if they abandon the US currency.

November saw the best monthly performance of 2024 for both the Dow Jones and S&P 500, rising 7.5% and 5.7%, respectively, with most of the gains coming after Donald Trump’s election victory. Both indexes closed at record highs on Friday. Small-cap stocks also posted strong gains in November, as investors anticipated potential tax cuts from Trump.