S&P 500 and Nasdaq Futures Slip as Trump Trade Momentum Wanes

The US stock market is experiencing a strong week, with the Dow Jones Industrial Average surpassing 44,000 for the first time and the S&P 500 nearing the 6,000 mark, driven by optimism over Donald Trump's presidential victory and a Federal Reserve rate cut. Nvidia has joined the Dow, replacing Intel, while Tesla's market cap has hit $1 trillion. However, Chinese stocks are under pressure due to skepticism over China's new fiscal stimulus plan. Meanwhile, Airbnb shares fell after mixed Q3 earnings, and Trump Media & Technology Group stock surged following Trump's decision to retain his shares.