U.S. stocks tumbled Friday as the “Trump bump” that Wall Street got from last week’s presidential election, along with a cut to interest rates by the Federal Reserve, kept fading. The S&P 500 dropped 1.

The S&P 500 rose 0.4% to cap its biggest weekly gain since early November 2023 and briefly crossed above the 6,000 level for the first time. The Dow Jones Industrial Average climbed 259 points, or 0.6%, while the Nasdaq composite added 0.1%.

The cryptocurrency market saw huge moves over the weekend following the Fed's decision last week to cut interest rates by another quarter-point.

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Asian stocks on Wednesday followed Wall Street lower as momentum cooled for the torrid “Trump trade” that swept U.S. markets following Donald Trump’s presidential victory.

The stock market's "Trump bump" that followed his victory over Vice President Kamala Harris in last week's election appears to be coming to an end. On Friday, the market dropped to its lowest point since the election,

Canada's main stock index was down more than 100 points in late-morning trading, weighed down by losses in the technology sector, while U.S. stock markets also fell.

U.S. stocks rose Monday, led by those seen as benefiting the most from Donald Trump’s reelection as president, but drops for some high-profile Big Tech stocks kept indexes in check. The S&P 500 edged up by 0.