A sense of déjà vu overwhelmed Wall Street this week, as Donald Trump’s election win gave the stock market a jolt similar to what happened after his victory eight years ago. Small caps soared, banks leaped and the S&P 500 Index had its best Election Day in history and strongest week in 12 months.

World shares are mostly lower after the Federal Reserve cut interest rates again to ease pressure on the U.S. economy.

Intel fell 2.9%, and chemical producer Dow sank 2.1% in their first trading since getting notified that they’ll no longer be included in the Dow. Warren Buffett’s Berkshire Hathaway fell 2.2% and was one of the heaviest weights on the market after reporting a drop in operating profit for the latest quarter.

U.S. stocks coasted to the close of their best week in a year. The S&P 500 rose 0.4% Friday. The index posted its biggest weekly gain since early November 2023,

U.S. stocks drifted lower Monday ahead of a momentous week full of potential flashpoints in Washington, D.C., and around the world. The S&P 500 slipped 0.3%, though it remains near its record set last month.

All year, a slew of Wall Street pros have questioned the durability of an indiscriminate risk rally that has fattened stock prices by trillions of dollars, sent Bitcoin soaring, fueled a credit bonanza,