Stock market today: Dow, S&P 500, Nasdaq soar as Trump triumphs

Published On Nov 6, 2024, 9:35 AM

The US stock market experienced significant gains following Donald Trump's victory in the presidential election. The Nasdaq rose approximately 1.8%, the S&P 500 increased by around 1.9%, and the Dow jumped by more than 3%. Investors view Trump's win, alongside Republican control of the Senate, as beneficial, especially for the financial and tech sectors. Notable gains were seen in regional banks and stocks like Tesla, which surged over 14%. Bitcoin also reached a new record high as expectations for a more favorable regulatory environment increased. Analysts predict that Trump's administration may lead to lower regulations in finance and more favorable conditions for cryptocurrencies and electric vehicles.