market: The Dow Jones Industrial Average DJIA, 0.21%soared to new heights, adding 5.4% for the week, its biggest weekly gain since December 2011, while the S&P 500 SPX, -0.14% rose 3.8% on the week, the strongest since October 2014, according to Market Watch. The Nasdaq Composite COMP, 0.54% had its best week since February, finishing the week 3.8% higher. V also represents the shape of the stock market trajectory as Donald Trump historic upset will likely recharge this bull market which had been languishing until he clinched the White House, according to analysts. The gains were driven as much by relief over the end of the presidential election, which had been hanging over the market like a wet blanket, as by investors repositioning portfolios to prepare for what many expect will be ramped up fiscal spending. That the election coincided with a recovery in earnings and a more upbeat outlook on the economy will juice stocks higher in a V-shaped rebound that was already in progress, according to Binky Chadha, chief strategist at Deutsche Bank in a separate note. Read Trump happened What it means for stocks, bonds, other markets Markets have so far given this result the benefit of the doubt, embracing the potential boost to growth and inflation that could come from a shift in the policy mix, said Deutsche Bank analysts in a special report released Friday.
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