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Hey listeners, it's Saturday, November 9th. I'm Francesca Fontana for the Wall Street Journal,

and this is What's News and Markets, our look at the biggest stock moves of the week and the news

that drove them. Let's get to it. Welcome back, everybody. We had two big events setting the tone

for markets this week. You probably heard something about them already, right? Tuesday's presidential

election and the Federal Reserve's two-day policy meeting. Donald Trump's win powered a big

and broad market rally on Wednesday, pushing the Dow to its biggest gain in two years.

And we'll get to more of the winners and losers of the so-called Trump trade in a second.

Then the Fed announced its latest interest rate decision on Thursday, which, remember, is following September's half-point reduction. The verdict? A quarter-point cut, which was in line with what many investors were expecting.

So all of these developments, lower interest rates plus a Republican presidency bringing the prospect of tax cuts and lighter regulation,

are creating an environment that traders see as allowing stocks to continue to run.

And they certainly did this week.

On Friday, the Dow traded above 44,000 for the first time ever.

And the S&P 500 crossed 6,000, with both

indexes closing a bit below those marks. On the week, both indexes gained more than 4%, while

...