The stock market has seen a reversal from its post-election gains, with the S&P 500 declining 1.3 percent as investors reassess Trump's economic policies and cabinet picks, amid mixed economic signs.
Despite the initial euphoria following Trump's victory, the S&P 500 has dropped 2 percent for the week, reflecting investor uncertainty about future economic policies and the Federal Reserve's interest rate outlook.
Yields on government bonds increased as U.S. retail sales data surpassed expectations, suggesting continued consumer spending momentum, prompting investors to reevaluate the implications for future economic conditions.
While traditional stock indexes faltered, cryptocurrencies have surged, particularly Bitcoin, amid expectations that the Trump administration will implement softer regulations beneficial for the industry.
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