'Trump Trade' Drives Historic Gains For All Three Major Indices. Tesla, Crypto, Banks Emerge As Winners

'Trump Trade' Drives Historic Gains For All Three Major Indices. Tesla, Crypto, Banks Emerge As Winners

The Trump Trade drove historic gains Wednesday, with record finishes for all three major indices. The Dow surged 3.6, the S&P 500 climbed 2.5, and the Nasdaq rose nearly 3. Tesla shares jumped almost 15, with Elon Musk emerging as a significant beneficiary of Trump’s election. Bank stocks such as JPMorgan, Wells Fargo, and Bank of America rallied as investors anticipated Trump’s pro-business policies, including lower taxes and less regulation. Shares of Trump Media and Technology Group rose 6. Bitcoin also soared, hitting a record above $75,000.


User: Benzinga

Views: 30

Uploaded: 2024-11-07

Duration: 00:44

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