US Stock Market News After Trump's Victory: Stocks and Bitcoin Surge
Wednesday, 6 November 2024, 07:02
US Stock Markets React to Trump's Victory
The US stock market surged on Wednesday following former President Donald Trump's resounding victory in the elections. Stocks across the board, including Bitcoin, responded positively as investors anticipated a favorable economic climate under Trump's administration.
Market Highlights
- Dow Jones jumped 1,200 points; S&P 500 rose 2% and Nasdaq climbed 1.9%.
- Futures for S&P 500 and Dow Jones gained significantly before market opening.
- Bitcoin prices surged nearly 8%, hitting a record $75,345.
- Shares of Coinbase increased by 13% in premarket trading.
- Bank stocks like JPMorgan and Capital One saw gains due to potential regulatory relaxations.
As the market adjusts to the implications of Trump's return, analysts expect increased growth and higher inflation forecasts, leading to bullish sentiment in various sectors, including cryptocurrency.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.