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Stocks Hit Record Highs On Black Friday as Trump Rally Continues

Stocks hit new highs yet again on Black Friday as the post-Trump rally continues into the holiday shopping kickoff.
Traders work on the floor of the New York Stock Exchange (NYSE)
Traders work on the floor of the New York Stock Exchange. REUTERS/Lucas Jackson

U.S. Treasury yields and the dollar have also risen sharply since the election, with the benchmark 10-year note yield skyrocketing above 2 percent and the greenback trading around levels not seen since 2003, putting euro/dollar parity within reach. Gold prices, in turn, have turned sharply lower, hitting nine-and-a-half month lows.